GoMining challenges Jack Dorsey's Square with payments system designed around bitcoin
2026-06-20 15:02:42
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. According to CoinDesk, GoMining says transactions settle entirely in bitcoin by default, unlike Square, which typically converts BTC payments into U.S. dollars unless a merchant opts to receive BTC. GoBTC Pay settles on the Bitcoin network using GoMining’s Stratum V2 mining protocol, with average settlement of around 12 hours and a 0.2% fee split 50-50 between wallet providers and miners. GoMining plans to recruit an initial 10 merchants.
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