GoMining's GoBTC Protocol Slashes Bitcoin Payment Costs to Near Zero
GoMining has launched GoBTC, a new Bitcoin payment protocol designed for instant and free peer-to-peer transactions. The system aims to make Bitcoin practical for everyday purchases while cutting costs for merchants and users alike. GoBTC operates as an open infrastructure, meaning any wallet provider can integrate it for seamless Bitcoin payments. The protocol leverages GoMining’s own mining network to confirm transactions, with plans to achieve 12-hour on-chain settlements by late 2026.
Merchants using GoBTC benefit from a Bitcoin-native acquiring network, paying just a 0.2% fee—far lower than traditional card processing. The entire transaction fee is then redistributed within the ecosystem, encouraging wallet integrations and speeding up adoption. A share of these fees also rewards 'digital miners' who hold tokenized hashrate through GoMining’s app. The launch aligns with GoMining’s broader expansion in the US, where it targets 1 gigawatt of compute capacity by 2026. Currently serving 5 million users globally, the company runs the reference implementation of GoBTC, ensuring its accessibility and scalability.
GoBTC reduces payment barriers for Bitcoin users and merchants by offering near-instant transactions at minimal cost. With fees reinvested into the ecosystem and mining-backed confirmations, the protocol seeks to drive wider adoption of Bitcoin for daily spending.
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