GoMining launches GoBTC Pay: a new standard for on-chain business settlements
Mining company GoMining is launching the GoBTC Pay payment platform, designed for direct on-chain settlements on the Bitcoin network. The service allows businesses to accept BTC from customers with automatic conversion into fiat money or stablecoins, completely relieving the merchant of the burden of managing cryptocurrency infrastructure.
Almost two decades ago, they told you to lock it away. To treat Bitcoin like gold that never moves. But the scripture said cash.
— GoMining (@GoMining) June 19, 2026
Today the prophecy is fulfilled. GoBTC Pay integration toolkit is live — on-chain settlement, next block, mined by our own network.
No… pic.twitter.com/6nfBYAxZ5t
Key feature of the solution is the use of GoMining's private mempool based on the Stratum V2 protocol. This allows the platform to prioritize service transactions, ensuring an average settlement window of about 12 hours. Essentially, GoMining creates a dedicated channel for commercial transfers, bypassing the general mempool queue.
How it works
GoBTC Pay handles the entire processing cycle: from transaction receipt to final conversion. The seller can choose the format for receiving revenue — in Bitcoin, stablecoins (e.g., USDT or USDC), or national currencies. The platform is aimed at international companies for whom speed and transparency of settlements are critical.
GoMining's CEO emphasizes the philosophical foundation of the project: "Satoshi created Bitcoin not for it to just sit idle in wallets. It was designed to move value between people." This message clearly reflects the company's strategy — to turn BTC from a passive asset into an active tool of commerce.
Competitive landscape
The crypto payments market remains one of the hottest segments of the industry. Here, the interests of specialized processing companies and traditional giants like Square (Block), which launched zero-fee Bitcoin payments for businesses in October 2025, collide.
GoMining is betting on integration with its own mining infrastructure. This provides a unique advantage: the company controls both block mining and transaction processing, minimizing dependence on external pools.
My analysis: The launch of GoBTC Pay is not just another payment service. It is an attempt to create a closed loop of "mining-transactions-conversion" within a single ecosystem. If GoMining manages to ensure stable settlement speeds and low fees through its own mempool, this could pose a serious challenge to traditional processing solutions. However, the key question is whether the company can scale the service without losing quality under increased load. The market will be closely watching the platform's first months of operation.