GoMining challenges Jack Dorsey's Square with payments system designed around bitcoin
2026-06-19 13:22:00
Bitcoin mining company GoMining unveiled an SDK and APIs for its bitcoin payment protocol GoBTC Pay, aiming to compete with Block’s (XYZ) Square by letting merchants accept BTC for everyday purchases. The rollout targets an initial 10 merchants, according to CoinDesk, and differs from rivals because merchants receive bitcoin, not fiat, by default. GoBTC Pay settles directly on the Bitcoin network using GoMining’s Stratum V2 mining protocol, with average settlement of around 12 hours and 0.2% transaction fees split 50-50 between wallet providers and miners.
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