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GoMining launches bitcoin payment system letting merchants receive BTC directly, challenging Square's fiat-based model.

Market News
19 Jun 2026
Coindesk
View Source
Bullish
pluang ai news

GoMining introduced a software development kit (SDK) and APIs for its bitcoin payment protocol, GoBTC Pay, enabling merchants to accept bitcoin directly for everyday purchases. Unlike competitors like Square, which convert bitcoin payments into fiat currency for merchants, GoMining's system settles transactions entirely in bitcoin, with merchants receiving BTC by default. The protocol uses GoMining's Stratum V2 mining technology, offering an average settlement time of about 12 hours and a low 0.2% transaction fee. This move positions GoMining as a challenger to existing bitcoin payment services by emphasizing direct bitcoin acceptance and onchain settlement.

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