GoMining launches GoBTC Pay: a new Bitcoin-based payment gateway for businesses
Mining company GoMining has officially launched the GoBTC Pay payment platform, designed for businesses to accept Bitcoin payments. The solution automates the conversion of funds into fiat currencies or stablecoins, significantly simplifying the use of the first cryptocurrency in commercial transactions.
The service is aimed at companies working with international clients. According to the GoMining team, Bitcoin was originally created not for passive storage, but as a tool for transferring value. "Satoshi created Bitcoin not to sit idle in wallets. It was designed to move value between people," the company's CEO stated.
Focus on Bitcoin Payments
GoBTC Pay eliminates the need for businesses to independently build cryptocurrency infrastructure. The platform handles the entire transaction processing cycle: from payment acceptance to conversion and settlement. Users can choose the format for receiving revenue — in Bitcoin, stablecoins, or national currencies.
A key feature of the service is the use of GoMining's private mempool, built on the Stratum V2 protocol. This allows prioritizing the service's transactions when including them in blocks. The average settlement window is about 12 hours, ensuring a sufficiently fast confirmation process for businesses.
Integration with the GoMining Ecosystem
The new service has become part of the GoMining ecosystem, which previously developed exclusively around mining services. The launch of the payment solution expands the scope of Bitcoin's application and creates additional use cases for ecosystem participants. The company expects this to attract new corporate clients.
Competition in the Crypto Payments Market
The cryptocurrency payments market remains one of the most competitive in the industry. Both specialized crypto processing companies and traditional payment providers adding support for digital assets are vying for dominance here. GoMining is confident that growing interest in international payments and the development of Bitcoin infrastructure will further drive the adoption of crypto payments among businesses.
Expert opinion: The launch of GoBTC Pay is a logical step for a mining company seeking to diversify its revenue. However, the service's success will depend on settlement speed and fees. In an environment where competitors like Jack Dorsey's Block already offer fee-free solutions, GoMining will have to prove the advantages of its approach in practice.