Overview
- GoMining unveiled the GoBTC Pay Gen1 SDK and API Friday, giving merchants, wallet providers and partners developer tools, an open API and a dashboard to accept and settle payments in bitcoin.
- The system routes transactions into a private 15EH/s mempool and uses Stratum V2 mining coordination to prioritize inclusion, which GoMining says targets an average settlement time of roughly 12 hours.
- GoBTC Pay is built for non‑custodial, on‑chain settlement so merchants receive bitcoin by default and would handle any fiat conversion themselves rather than receiving dollars automatically.
- The company set a 0.2% merchant fee that is split equally between participating wallet providers and miners, and plans to onboard up to 10 merchants and ecosystem partners in the initial rollout.
- GoMining frames the product as a direct competitor to Lightning and fiat‑converting services, but wider merchant adoption and independent proof of throughput, settlement times and real‑world user experience remain to be shown.