GoMining launches GoBTC Pay: a new step towards turning bitcoin into a payment tool for businesses
Mining company GoMining has introduced a new product — the GoBTC Pay payment service, designed for businesses. The solution allows companies to accept payments in bitcoin with subsequent automatic conversion of funds into fiat currencies or other crypto assets. This is a significant step in the development of the first cryptocurrency's infrastructure, which could accelerate its integration into the real economy.
GoBTC Pay is aimed at companies working with international clients. The service relieves businesses of the need to independently manage cryptocurrency infrastructure: the platform handles transaction processing, settlements, and conversion. Users can choose the format for receiving revenue — in BTC, stablecoins, or national currencies, making the solution flexible for different business models.
Technical Foundation and Settlement Speed
A key feature of GoBTC Pay is its operation based on GoMining's private mempool, built on the Stratum V2 protocol. This ensures priority processing of the service's transactions, with an average settlement window of about 12 hours. This approach allows businesses to achieve predictability and reliability, which is critical for commercial use.
As noted by GoMining's CEO, bitcoin was originally created by Satoshi Nakamoto not for passive storage, but for transferring value. The launch of GoBTC Pay is a practical implementation of this philosophy, transforming bitcoin from a speculative asset into a working payment tool.
Competitive Landscape and Prospects
The crypto payment market remains one of the most competitive segments of the industry. Both specialized crypto processing companies and traditional payment providers introducing support for digital assets are vying here. For example, in October 2025, Jack Dorsey's company Block launched commission-free bitcoin payments for businesses through the Square service. GoMining enters this niche with its own technological advantage — integration with mining infrastructure.
In my opinion, the success of GoBTC Pay will depend on how quickly businesses can adapt to the 12-hour settlement window — for some industries, this may be too long. However, for international B2B payments, where traditional bank transfers take days, such a solution appears more than competitive. The growing interest in international settlements and the development of bitcoin's infrastructure will undoubtedly contribute to the further spread of crypto payments among corporate clients.