Bitcoin miner GoMining launches GoBTC payment protocol, challenging Visa and Mastercard with a 0.2% merchant fee
According to ChainCatcher and a Forbes report, Bitcoin mining company GoMining plans to launch the GoBTC Bitcoin-native payment protocol, based on its own block production, at the Consensus conference.
This protocol enables users to authorize payments instantly and settles them on the Bitcoin mainnet within a few hours. It charges merchants a 0.2% fee, which is an order of magnitude lower than the 1.5% to 3.5% rates of Visa and Mastercard.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Claude AI Predicts Where Solana Could Land by the End of 2026
GBP/JPY Price Forecast: Rebounds above 207.00 as oversold risk eases
F5 Insider Sold Shares Worth $1,815,380, According to a Recent SEC Filing
Market Chatter: Exxon Mobil Wins Approval For Texas Carbon Capture Project
Crypto prices
More
