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The Financial Ways
The Financial Ways
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GoMining Unveils Bitcoin Payment Stack to Bypass Fiat Gateways

Merchants often pay between 1.5% and 3.5% in processing fees for traditional card transactions, a margin GoMining aims to disrupt with its new GoBTC Pay infrastructure. By settling transactions directly on the Bitcoin network at a 0.2% fee, the company seeks to reposition miners as primary payment settlement providers.

GoMining Unveils Bitcoin Payment Stack to Bypass Fiat Gateways

The newly released GoBTC Pay Gen1 SDK and API allow merchants and wallet providers to integrate Bitcoin payments without relying on custodial intermediaries or fiat conversion. By processing payments directly on-chain, GoMining removes the need for the currency exchanges that characterize most existing crypto payment gateways. The platform leverages the company’s 15 EH/s mempool infrastructure and Stratum V2 technology to prioritize transaction processing, with expected settlement times averaging roughly 12 hours.

CEO Mark Zalan stated that the infrastructure is intended to restore Bitcoin’s utility as a medium of value transfer rather than a static store of wealth. To facilitate this, the 0.2% transaction fee is split equally between the wallet providers and the miners handling the settlements. This model allows GoMining to compete directly with crypto gateways that typically charge between 0.5% and 1%, while positioning Bitcoin mining operations as the backbone of a new, low-cost commercial payment layer.

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