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GoMining launches GoBTC Pay for instant Bitcoin payments on base layer

GoMining has launched GoBTC Pay, a Bitcoin payment protocol enabling instant and free transactions on Bitcoin's base layer. The protocol uses a 2-of-3 multi-signature architecture and is backed by GoMining's own mining pool, which prioritizes confirmation of these payments. GoMining aims for a 12-hour on-chain settlement by end of 2026, significantly faster than traditional Bitcoin transactions. The launch marks a strategic expansion for GoMining, which already serves 5 million users through its mining and tokenized hashrate platform. Currently, Bitcoin lacks efficient retail payment processing. The Lightning Network, introduced to solve this, has seen limited adoption for everyday use. GoBTC Pay directly addresses this by offering free payments for consumers and a 0.2% acquiring fee for merchants, undercutting traditional card processors. The protocol is designed as open infrastructure, allowing any wallet provider to integrate and offer instant Bitcoin payments. For wallet and key holders, GoBTC Pay could enable practical Bitcoin spending without relying on layer-2 solutions or custodial services. However, the protocol relies on a trusted third-party custodian within its multi-signature setup, introducing a degree of centralization. Users should consider the security implications of shared keys and the reliance on GoMining's infrastructure before integrating or using the service.

关键事实

  • GoBTC Pay enables free, instant Bitcoin payments on base layer using mining infrastructure.
  • 2-of-3 multi-signature between user, GoMining, and trusted custodian secures transactions.
  • GoMining targets 12-hour on-chain settlement by end of 2026 via dedicated mining pool.
  • Merchant acquiring fee is 0.2%, significantly lower than traditional card processing.
  • Any wallet provider can integrate GoBTC Pay as an open payment protocol.

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