GoMining launches GoBTC Pay: a new step towards turning bitcoin into a settlement tool
Mining company GoMining has officially launched the payment platform GoBTC Pay, targeting businesses that want to accept bitcoin directly from customers. The service provides automatic conversion of incoming payments into fiat money or stablecoins, eliminating the need for companies to independently manage cryptocurrency infrastructure.
GoBTC Pay is built on GoMining's private mempool, which uses the Stratum V2 protocol. This allows the service to prioritize its own transactions and guarantee settlements within an average of 12 hours — significantly faster than standard confirmation on the bitcoin network. This architecture is particularly relevant for international B2B and B2C payments, where speed and reliability are crucial.
Ecosystem approach and strategy
The new service fits seamlessly into the GoMining ecosystem, which was previously focused exclusively on mining services. The launch of GoBTC Pay signals a shift in direction: the company aims not just to mine bitcoin, but to actively participate in its circulation. In essence, GoMining is creating a closed loop — from mining to settlements — which could become a significant competitive advantage.
GoMining's CEO emphasized the philosophical aspect of the initiative: "Satoshi created bitcoin not for it to sit idle in wallets. It was designed to move value between people." This statement is no coincidence — it challenges the established narrative of bitcoin solely as a store of value.
Market and competitors
The crypto payments segment remains one of the hottest in the industry. In addition to specialized processors, traditional payment giants are actively entering this space. For example, in October 2025, Block (Jack Dorsey) launched zero-fee bitcoin payments for businesses via Square. In this context, GoBTC Pay relies on direct integration with mining hash rate and its own infrastructure, which could provide lower latency and fees compared to public networks.
My analysis: The launch of GoBTC Pay is not just another payment service, but a strategic maneuver that transforms a miner into a full-fledged financial operator. However, success will depend on how quickly businesses adapt to the 12-hour settlement window — for many retail scenarios, this may be too long. Nevertheless, for large international transactions and B2B settlements, this solution appears more than viable and timely.