GoMining has introduced a new Bitcoin payment infrastructure that enables merchants to accept transactions directly on the Bitcoin network, bypassing traditional fiat conversion entirely. The system, called GoBTC Pay Gen1, includes an SDK and API designed for businesses, wallet providers, and other ecosystem participants. GoMining charges a processing fee of just 0.2%, which they claim is drastically lower than the 1.5% to 3.5% typically incurred by credit card payments.
According to GoMining, the platform settles transactions on the Bitcoin blockchain without relying on custodial intermediaries or converting to fiat currency. This approach allows users to maintain control of their assets throughout the payment process. The company plans to initially onboard up to ten merchants and partners as part of the rollout.
The toolkit includes features such as merchant onboarding, payment management, online checkout integration, developer documentation, an open API, and a web dashboard for monitoring and settlement. GoMining CEO Mark Zalan emphasized that Bitcoin was originally intended for transferring value, not just holding. He stated that this new infrastructure aims to make Bitcoin payments more accessible for everyday commerce.
Unlike many crypto payment services that convert digital assets to fiat before settlement, GoBTC Pay processes payments directly on Bitcoin. The platform operates on GoMining’s private 15 EH/s mempool infrastructure and utilizes Stratum V2 technology to prioritize transactions. Settlement times are estimated at around 12 hours on average.
A unique incentive structure accompanies the launch: merchants pay a 0.2% transaction fee, which is split equally between wallet providers and miners who process the settlements. GoMining believes this model rewards infrastructure participants while encouraging broader Bitcoin payment adoption. The company has previously argued that Bitcoin miners are well-positioned to operate payment protocols on the mainnet because they already earn block rewards and can generate additional revenue from transaction processing.
Founded in 2021, GoMining operates a Bitcoin mining platform where users earn BTC through NFT-linked hashrate without purchasing hardware. The company manages mining operations across multiple global data centers and is backed by Bitscale Capital. It uses Bitmain infrastructure and BitGo for institutional custody. Its advisory board includes Tal Cohen, former CEO of Kraken US, and Victor Orlovski.