GoMining Launches GoBTC Pay Gen1 SDK, Onboarding Up To 10 Merchants

GoMining has launched the GoBTC Pay Gen1 SDK and API, opening its Bitcoin payment protocol to merchants, wallet providers, and ecosystem partners looking to integrate Bitcoin payments into real-world products and services.

“GoMining challenges Jack Dorsey's Square with payments system designed around bitcoin GoMining unveiled a software development kit and programmable access for its bitcoin payment protocol GoBTC Pay, allowing merchants to accept BTC for everyday purchases”

@coindesk

The company said it plans to onboard an initial group of up to 10 merchants and ecosystem partners as part of the rollout, while positioning GoBTC Pay as an open infrastructure layer rather than a closed demonstration.

@coindesk

GoBTC Pay is designed to settle transactions directly on Bitcoin while preserving user ownership and non-custodial control, and GoMining said it expects an average settlement window of approximately 12 hours.

GoMining also tied the system to its mining infrastructure, saying GoBTC Pay is powered by a private 15 EH/s mempool built on the Stratum V2 protocol to prioritize GoBTC Pay transactions.

In a Telegram interview, GoMining CEO Mark Zalan said, "It's to solve the real problems with BTC payments the high and variable fees, the slow and unpredictable settlement, while preserving non-custody and onchain finality."

GoMining’s approach is framed as a direct challenge to Block’s Square, with multiple outlets describing how Square enables eligible businesses to accept Bitcoin payments through the Lightning Network while automatically settling transactions in U.S. dollars.

CoinDesk’s account said GoMining differs because the merchant receives bitcoin, not fiat, by default, while Square’s service converts the bitcoin amount into U.S. dollars by default.

Bitget

Blockster described Square’s strategy as bringing Bitcoin into existing commerce infrastructure so merchants can accept Bitcoin without holding BTC, managing wallets, or worrying about cryptocurrency volatility.

GoMining’s system, by contrast, was described as completing the entire transaction in bitcoin, and the CoinDesk report said retailers who want fiat will need to handle the conversion themselves.

CoinDesk also reported that GoBTC Pay was built to enable bitcoin payments settled directly on the Bitcoin network using GoMining's Stratum V2 mining protocol, with an average settlement time of around 12 hours.

GoBTC Pay charges a 0.2% transaction fee, and CoinDesk said the fee is shared 50-50 between wallet providers and miners.

“Bitcoin payments have long been one of crypto's most ambitious promises”

Blockster

Blockster similarly described merchants paying a 0.2% transaction fee that is split evenly between participating wallet providers and miners within the GoMining pool responsible for processing settlements.

CoinDesk reported that GoBTC Pay was unveiled Friday and that GoMining planned to recruit an initial 10 merchants as part of the rollout, while Blockster said the company planned to onboard an initial group of up to 10 merchants and ecosystem partners.

The launch also comes as Block, co-founded by Jack Dorsey, continues rolling out its own bitcoin payments service, with CoinDesk describing Square’s Lightning-based system and its default conversion to U.S. dollars.

CoinDesk framed the bet as GoMining “appears to be betting that more businesses will want to receive and retain bitcoin directly,” while Blockster emphasized GoBTC Pay’s goal of helping businesses build and scale Bitcoin payment experiences directly on Bitcoin.