- As part of the launch, GoMining is onboarding an initial set of up to 10 merchants and ecosystem partners.
- GoBTC Pay settles directly on Bitcoin while protecting user ownership and non-custody.
GoMining is announcing the GoBTC Pay Gen1 SDK and API, allowing merchants, wallet providers, and ecosystem partners to integrate Bitcoin payments into real-world products and services.
The introduction represents the next step of GoBTC Pay, GoMining’s layer 1 Bitcoin payment technology intended to facilitate quick, non-custodial Bitcoin transactions. The Gen1 release changes GoBTC Pay from a restricted demo version into an open infrastructure layer, allowing merchants, wallets, and ecosystem partners to develop and scale Bitcoin payment experiences on top of the network.
As part of the launch, GoMining is onboarding an initial set of up to 10 merchants and ecosystem partners who will begin integrating GoBTC Pay into their products and services.
“Satoshi didn’t create Bitcoin to sit idle in wallets. It was designed to move value between people,” said Mark Zalan, CEO of GoMining. “With the launch of the GoBTC Pay SDK and API, we’re giving merchants and wallet providers the infrastructure to bring that vision into real-world commerce in a way that is seamless and intuitive for users. We believe Bitcoin’s next chapter will be defined by how people use it, in addition to how many people own it.”
GoBTC Pay settles directly on Bitcoin while protecting user ownership and non-custody. The Gen1 version offers merchant onboarding tools, payment management capabilities, a web-based merchant dashboard, online payment connectors, public developer documentation, and an open API for wallet providers and institutional partners.
GoBTC Pay is powered by GoMining’s private 15EH/s mempool based on Stratum V2 protocol supporting prioritizing of GoBTC Pay transactions. With an estimated 12hrs average settlement window GoBTC Pay is aimed to protect the essential concepts of Bitcoin while delivering debit card-like payment experience. Users keep custody of their BTC, transactions settle immediately on Bitcoin, and businesses enjoy a smooth payment experience without asking consumers to convert their assets into cash.
Its incentive scheme is meant to harmonize the interests of merchants, wallets, and miners. Merchants pay a 0.2% transaction fee, which is distributed equally between participating wallet providers and miners in the GoMining pool that handle payments. GoMining seeks to promote network expansion and boost actual Bitcoin payment activity for routine purchases by directly compensating infrastructure participants who enable transactions.
The launch is the start of a larger ecosystem strategy aimed at promoting merchant, wallet, and partner use of Bitcoin payments. It comes after GoMining introduced GoBTC Pay at Consensus Miami.
GoMining is an all-in-one Bitcoin ecosystem that makes mining, earning, and using Bitcoin every day easy and safe. GoMining maintains data centers in the United States and other countries, services 5 million customers, and is one of the top 10 Bitcoin miners worldwide by hashrate. Through tokenized hashrate and a growing range of payment and earning options, the firm makes Bitcoin accessible.
GoMining created GoBTC Pay, a Bitcoin-native payment protocol that allows quick, non-custodial Bitcoin payments for customers, businesses, and ecosystem partners. GoBTC Pay gives businesses, wallets, and platforms the infrastructure they need to accept and process Bitcoin transactions quickly and affordably. It was designed to enable real-world commerce while upholding the concepts of non-custody and user ownership. GoBTC Pay is creating an open payments ecosystem with partner integrations, developer APIs, and merchant tools to increase the widespread adoption of Bitcoin.
