
Summary
London, United Kingdom, May 9th, 2026, Chainwire GoBTC Pay is a protocol that lets consumers make native and instant payments on Bitcoin’s base layer. GoMining launches its own mining pool to prioritize GoBTC Pay transaction confirmation, targeting a 12-hour final on-chain settlement by the end of 2026. The launch marks a strategic expansion for GoMining, […]
London, United Kingdom, May 9th, 2026, Chainwire GoBTC Pay is a protocol that lets consumers make native and instant payments on Bitcoin’s base layer. GoMining launches its own mining pool to prioritize GoBTC Pay transaction confirmation, targeting a 12-hour final on-chain settlement by the end of 2026.
The launch marks a strategic expansion for GoMining, a platform with 5 million users. GoBTC Pay extends this ecosystem into everyday payments. GoMining launches GoBTC Pay, a Bitcoin payment protocol that delivers on what the 2008 whitepaper promised: peer-to-peer electronic payments.
GoBTC Pay enables free and instant Bitcoin payments on the core Bitcoin layer. This makes it practical to use Bitcoin at the point of sale for everyday purchases. Payments are free for end-users and merchants pay a small acquiring fee that undercuts traditional card processing. GoBTC Pay is designed as an open infrastructure.
GoMining operates the reference implementation, but any wallet provider — from Ledger to Trust Wallet to MetaMask — can integrate the protocol to offer instant Bitcoin payments to their users. Why this matters Bitcoin is the dominant cryptocurrency with a market cap above $1.5 trillion.
Over 150 public companies hold BTC on their balance sheets. Spot Bitcoin ETFs, which didn't exist two years ago, now manage roughly $100 billion in assets across a dozen funds. The U.S. government holds approximately 328,000 BTC. But Bitcoin still can't process a retail transaction quickly and reliably.
The Lightning Network, introduced in 2018 to solve this problem, took seven years to reach $1 billion in monthly volume and its average transaction of $223 mostly reflects exchange-to-exchange flows, not someone paying for groceries. In the US, about 22% of adults own Bitcoin, yet there are only 2,300 U.S.
businesses that accept Bitcoin directly, and the gap between how many people own Bitcoin and how many places accept it is widening. “The first line of the Bitcoin whitepaper describes a peer-to-peer electronic cash system. Bitcoin was designed to be money, not just an asset. That promise is still unfulfilled, and we intend to deliver on it,” said Mark Zalan, CEO of GoMining.
“We already serve millions of users, and run data centers on three continents. All of this provides us a unique position to enable native Bitcoin payments with GoBTC Pay.” Mining-powered confirmation GoBTC Pay enables free and instant payments in Bitcoin, using GoMining's own mining infrastructure to confirm the transactions.
It uses a 2-of-3 multi-signature architecture shared between the user, GoMining, and a regulated third-party custodian. GoMining serves 5 million users globally. The company has created a dedicated mining pool for processing GoBTC Pay transactions, aiming for a 12-hour on-chain settlement by the end of 2026.
Where most payment companies depend on third-party pools for confirmation, GoMining mines the blocks itself. The pool also serves GoMining's “digital miners” — users who own tokenized hashrate through GoMining's app. A portion of GoBTC Pay transaction fees flows back to these miners as additional BTC yield: consumers pay with BTC, merchants earn BTC, miners earn a share of payment fees, and GoMining's pool processes the transactions.
Source
Original coverage by CryptoSlate.
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