Blab Crypto
GoMining Launches GoBTC Pay, Offering 0.2% Fee Bitcoin Payments Directly on Mainnet
Bitcoin merchants now have a new low‑fee option, as GoMining rolls out GoBTC Pay Gen1. The SDK and API let merchants, wallet providers, and other ecosystem partners accept Bitcoin payments without converting to fiat or relying on custodial intermediaries.
The new stack carries a flat 0.2 % processing fee, a rate the company says sits well below the 1.5 % to 3.5 % that merchants typically pay to card networks and the 0.5 % to 1 % charged by most crypto gateways.
GoBTC Pay includes merchant‑onboarding tools, payment‑management functions, online checkout integrations, developer documentation, an open API, and a web dashboard that lets merchants monitor transactions and settlement status. The platform runs on a private 15 EH/s mempool that uses Stratum V2 technology to prioritize GoBTC Pay transactions, and GoMining estimates settlements are completed in roughly 12 hours on average.
In a statement accompanying the launch, CEO Mark Zalan said, “Bitcoin was originally created to transfer value between users rather than remain inactive in wallets. The new infrastructure is intended to make Bitcoin payments easier for merchants and wallet providers to support in everyday commercial transactions.” He added that GoBTC Pay processes payments directly on the Bitcoin network, allowing users to retain control of their assets throughout the transaction flow.
GoMining’s fee model splits the 0.2 % merchant charge evenly between wallet providers and miners who process the settlements. The company argues that miners, who already earn block rewards, can generate additional revenue from transaction processing and related services. By keeping the fee low, GoMining claims it reduces the number of intermediaries and forces the company to absorb fraud, volatility and operational costs through its own infrastructure and block‑production economics.
The platform is positioned to compete with both crypto payment gateways and traditional card networks. GoMining cited industry data from Premier Payments, Forbes and Visa litigation settlement documents to show that merchants typically pay between 1.5 % and 3.5 % per transaction when interchange, assessment and processor fees are combined. The company’s 0.2 % fee, it says, could undercut crypto gateways that charge 0.5 % to 1 % and challenge the economics of card‑processing networks.
GoMining’s broader ecosystem includes a mining service that lets users earn Bitcoin through NFT‑linked hashrate rather than purchasing mining hardware. The company operates mining operations across multiple global data centers and is backed by Bitscale Capital. It uses Bitmain infrastructure for mining and BitGo for institutional custody. The advisory board includes former Kraken US CEO Tal Cohen, who joined in June 2025, and Victor Orlovski.
The initial rollout of GoBTC Pay will onboard up to ten merchants and partners. The company said it will provide tools for merchant onboarding, payment management, checkout integration, developer documentation, an open API and a web dashboard for transaction monitoring and settlement management.
GoMining’s announcement comes amid a broader push to make Bitcoin more usable for everyday purchases. By eliminating the need for fiat conversion and custodial intermediaries, the platform aims to lower friction for merchants and increase the velocity of Bitcoin on the main network. The use of a private mempool and Stratum V2 prioritization is intended to give GoBTC Pay transactions higher confirmation priority, helping to meet the 12‑hour settlement target.
The company’s approach also reflects a growing trend of mining operators building payment infrastructure on top of their mining assets. By leveraging existing hash‑rate capacity, GoMining seeks to create a new revenue stream for miners while providing merchants with a cost‑effective payment option.
GoBTC Pay’s launch is a notable development in the ongoing debate over how best to integrate Bitcoin into mainstream commerce. While the platform’s fee structure and settlement times are attractive, the long‑term viability of the model will depend on merchant adoption, network congestion, and the competitive landscape of crypto gateways and card processors.
As GoMining moves forward, the company will likely monitor merchant feedback, transaction volumes and settlement performance. The next steps may include expanding the merchant base beyond the initial ten partners, refining the fee structure, and potentially integrating additional features such as multi‑currency support or advanced risk‑management tools.
Overall, GoMining’s GoBTC Pay represents a concrete attempt to bring Bitcoin payments to merchants in a way that aligns with the network’s decentralized ethos while offering a fee structure that could appeal to businesses accustomed to higher card‑processing costs.
The new stack carries a flat 0.2 % processing fee, a rate the company says sits well below the 1.5 % to 3.5 % that merchants typically pay to card networks and the 0.5 % to 1 % charged by most crypto gateways.
GoBTC Pay includes merchant‑onboarding tools, payment‑management functions, online checkout integrations, developer documentation, an open API, and a web dashboard that lets merchants monitor transactions and settlement status. The platform runs on a private 15 EH/s mempool that uses Stratum V2 technology to prioritize GoBTC Pay transactions, and GoMining estimates settlements are completed in roughly 12 hours on average.
In a statement accompanying the launch, CEO Mark Zalan said, “Bitcoin was originally created to transfer value between users rather than remain inactive in wallets. The new infrastructure is intended to make Bitcoin payments easier for merchants and wallet providers to support in everyday commercial transactions.” He added that GoBTC Pay processes payments directly on the Bitcoin network, allowing users to retain control of their assets throughout the transaction flow.
GoMining’s fee model splits the 0.2 % merchant charge evenly between wallet providers and miners who process the settlements. The company argues that miners, who already earn block rewards, can generate additional revenue from transaction processing and related services. By keeping the fee low, GoMining claims it reduces the number of intermediaries and forces the company to absorb fraud, volatility and operational costs through its own infrastructure and block‑production economics.
The platform is positioned to compete with both crypto payment gateways and traditional card networks. GoMining cited industry data from Premier Payments, Forbes and Visa litigation settlement documents to show that merchants typically pay between 1.5 % and 3.5 % per transaction when interchange, assessment and processor fees are combined. The company’s 0.2 % fee, it says, could undercut crypto gateways that charge 0.5 % to 1 % and challenge the economics of card‑processing networks.
GoMining’s broader ecosystem includes a mining service that lets users earn Bitcoin through NFT‑linked hashrate rather than purchasing mining hardware. The company operates mining operations across multiple global data centers and is backed by Bitscale Capital. It uses Bitmain infrastructure for mining and BitGo for institutional custody. The advisory board includes former Kraken US CEO Tal Cohen, who joined in June 2025, and Victor Orlovski.
The initial rollout of GoBTC Pay will onboard up to ten merchants and partners. The company said it will provide tools for merchant onboarding, payment management, checkout integration, developer documentation, an open API and a web dashboard for transaction monitoring and settlement management.
GoMining’s announcement comes amid a broader push to make Bitcoin more usable for everyday purchases. By eliminating the need for fiat conversion and custodial intermediaries, the platform aims to lower friction for merchants and increase the velocity of Bitcoin on the main network. The use of a private mempool and Stratum V2 prioritization is intended to give GoBTC Pay transactions higher confirmation priority, helping to meet the 12‑hour settlement target.
The company’s approach also reflects a growing trend of mining operators building payment infrastructure on top of their mining assets. By leveraging existing hash‑rate capacity, GoMining seeks to create a new revenue stream for miners while providing merchants with a cost‑effective payment option.
GoBTC Pay’s launch is a notable development in the ongoing debate over how best to integrate Bitcoin into mainstream commerce. While the platform’s fee structure and settlement times are attractive, the long‑term viability of the model will depend on merchant adoption, network congestion, and the competitive landscape of crypto gateways and card processors.
As GoMining moves forward, the company will likely monitor merchant feedback, transaction volumes and settlement performance. The next steps may include expanding the merchant base beyond the initial ten partners, refining the fee structure, and potentially integrating additional features such as multi‑currency support or advanced risk‑management tools.
Overall, GoMining’s GoBTC Pay represents a concrete attempt to bring Bitcoin payments to merchants in a way that aligns with the network’s decentralized ethos while offering a fee structure that could appeal to businesses accustomed to higher card‑processing costs.
