PANews, June 19 – According to CoinDesk, Bitcoin mining company GoMining has announced the launch of the software development kit (SDK) and API interface for its Bitcoin payment protocol GoBTC Pay, allowing merchants to directly accept BTC payments for everyday purchases, further competing with Block Square.

GoMining stated that the core difference from competitors such as Square is that transactions are settled entirely in Bitcoin, rather than being converted to fiat by default. GoBTC Pay is built on the Bitcoin network and the Stratum V2 mining pool protocol, with an average settlement time of approximately 12 hours and a merchant fee of 0.2%, split equally between wallet service providers and miners. The company plans to onboard 10 merchants in the first phase, betting that more merchants will choose to hold Bitcoin directly rather than sell it immediately in the future.