GoMining Deploys GoBTC Pay Protocol to Challenge Square With Native Bitcoin Settlements
2026-06-19 20:32

GoMining has deployed the GoBTC Pay protocol, accompanied by open SDK and API tools, enabling merchants to integrate direct Bitcoin payment systems for daily commerce. This initiative positions the mining firm as a direct competitor to the Block (Square) ecosystem, distinguishing itself by processing settlements entirely in Bitcoin rather than converting to fiat currency.

Operating on the Bitcoin network via the Stratum V2 mining protocol, the system facilitates transaction confirmations with an average latency of approximately 12 hours. The economic model imposes a transaction fee of roughly 0.2%, which is distributed proportionally between wallet providers and miners, reinforcing the native on-chain settlement structure.

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Tags:
Bitcoin
GoBTC
GoMining
GoBTC Pay
Stratum V2
Square
Block
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