"GoBTC provides merchants with instant authorization at checkout, allowing transactions to register in real time. Onchain settlement occurs within 12 hours, utilizing Bitcoin's base layer directly."
"The 0.2% merchant fee is split evenly between wallet providers and bitcoin miners, undercutting traditional card processors that charge between 1.5% and 3.5% per transaction."
"GoBTC is designed as open infrastructure, enabling any wallet provider to integrate the protocol, while Gomining dedicates a mining pool to confirm GoBTC transactions."
Gomining introduced GoBTC at Consensus Miami 2026, an open payment protocol enabling instant transaction authorization and onchain bitcoin settlement within 12 hours. The protocol charges a 0.2% merchant fee, significantly lower than traditional card processors. GoBTC allows any wallet provider to integrate, with Gomining dedicating a mining pool for transaction confirmation. The aim is to achieve full 12-hour onchain settlement by the end of 2026, addressing the limited acceptance of bitcoin in daily commerce despite its ownership among American adults.
Read at news.bitcoin.com
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