Crypto news

Mining company GoMining has launched a new product on the market — the GoBTC Pay payment service, aimed at businesses working with international clients. This is not just another crypto processing solution, but a full-fledged infrastructure platform that allows accepting bitcoin with automatic conversion into fiat or stablecoins.

The main idea behind GoBTC Pay is to restore bitcoin's original function as envisioned by Satoshi Nakamoto: a means of transferring value, not just digital gold for long-term storage. As GoMining's CEO stated, "bitcoin was not created to sit idle in wallets."

How it works

The service is based on GoMining's private mempool, built on the Stratum V2 protocol. This architecture ensures priority processing of platform transactions, with an average settlement window of about 12 hours. The company handles all the technical aspects: transaction processing, settlements, and conversion. Businesses do not need to manage their own cryptocurrency infrastructure — they simply connect to the platform and choose the format for receiving revenue.

Competitive landscape and prospects

The crypto payments market remains one of the hottest segments in the industry. It sees competition from both specialized processing companies and traditional payment giants adding support for digital assets. GoMining is betting on growing interest in international settlements and the maturity of bitcoin's infrastructure. Notably, at the end of 2025, Jack Dorsey's Block company already launched fee-free bitcoin payments for businesses through Square — the trend is clear.

My opinion: GoBTC Pay is a logical step for a mining company seeking to diversify its business and reduce dependence on exchange rate volatility. However, the platform's success will depend on how convenient and cost-effective the service proves for end users. The 12-hour settlement window could be a bottleneck for retail, but for B2B payments and large transactions, it is quite acceptable.