Overview
- GoMining announced GoBTC as a Bitcoin-native payments protocol that it plans to debut at the Consensus conference with instant checkout authorization and settlement on the main blockchain within hours.
- The system batches approved payments off-chain and inserts them into blocks the company mines, and GoMining says controlling the block lets it push network costs to zero for users.
- Merchants would pay a 0.2% processing fee that the company says splits equally between the paying user’s wallet provider and the miner that closes the block.
- GoMining plans to publish open APIs and SDKs, release a reference wallet, and pursue integrations through processors such as Stripe, Square, and Block instead of direct merchant sign-ups.
- Forbes and crypto.news note the pitch as a miner-only moat and new revenue stream as block rewards decline, with adoption risks that include Lightning’s limited merchant traction, KYC limits in some markets, and merchants’ likely preference for fiat settlement.