GoMining Launches GoBTC Pay to Bring Native Instant Payments to Bitcoin
GoMining launched GoBTC Pay, a protocol for instant, free Bitcoin payments on its base layer, aiming to fulfill the original whitepaper's promise.Summary
GoMining has introduced GoBTC Pay, a new protocol designed to enable native, instant, and free Bitcoin payments directly on Bitcoin's base layer. This initiative aims to fulfill the original vision of Bitcoin as a peer-to-peer electronic cash system for everyday transactions, addressing the limitations of current Bitcoin payment processing. GoBTC Pay is an open infrastructure that any wallet provider can integrate, allowing users to make purchases at the point of sale with minimal fees for merchants. GoMining is also launching its own mining pool to prioritize GoBTC Pay transaction confirmations, targeting a 12-hour on-chain settlement by the end of 2026. The protocol utilizes a 2-of-3 multi-signature architecture involving the user, GoMining, and a custodian. Merchant fees are set at a competitive 0.2%, significantly lower than traditional card processing, with the fees distributed to miners and wallet providers. GoMining, which serves 5 million users, sees this as a strategic expansion to integrate its ecosystem into daily payments.
(Source：BeInCrypto)