GoMining has released the GoBTC Pay Gen1 SDK and API, opening its Bitcoin payment protocol to merchants, wallet providers and ecosystem partners for real-world commerce integration.
In Brief
- GoBTC Pay is a layer 1 Bitcoin payment protocol that settles directly on-chain while maintaining non-custodial user ownership
- The Gen1 release includes merchant onboarding tools, a web-based dashboard, online payment integrations, public developer documentation and an open API
- GoMining is onboarding an initial group of up to 10 merchants and partners to begin integrating GoBTC Pay into their products and services
The launch moves GoBTC Pay from a closed demo into an open infrastructure layer. The protocol is designed to support instant, non-custodial Bitcoin transactions with an expected 12-hour average settlement window, aiming for a debit card-like payment experience without requiring users to convert BTC into fiat.
“Satoshi didn’t create Bitcoin to sit idle in wallets. It was designed to move value between people,” Mark Zalan, CEO of GoMining, said. “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 runs on GoMining’s private 15 EH/s mempool built on the Stratum V2 protocol, which facilitates prioritization of GoBTC Pay transactions within the mining pool. The fee structure charges merchants 0.2% per transaction, split evenly between participating wallet providers and miners in the GoMining pool that process settlements. The incentive model is designed to align the interests of merchants, wallets and miners by directly rewarding the infrastructure participants that facilitate each transaction.
The Gen1 release follows GoMining’s introduction of GoBTC Pay at Consensus Miami and marks the beginning of a broader ecosystem strategy focused on driving merchant and partner adoption of native Bitcoin payments.
GoMining serves 5 million users and ranks among the top 10 Bitcoin miners by hashrate globally, with data centers in the U.S. and internationally.