FinanceGoMining Takes on Jack Dorsey's Square with Bitcoin Payment System
GoMining has introduced a software development kit and programmable access for its bitcoin payment solution, GoBTC Pay, enabling merchants to accept BTC for daily transactions.
By Jamie Crawley|Edited by Sheldon Reback Jun 19, 2026, 12:30 p.m. 2 min readMake preferred on ShareShare this articleCopy linkX (Twitter)LinkedInFacebookEmailMake preferred on
Mark Zalan, GoMining CEO (CoinDesk)- GoMining has launched a software development kit (SDK) and application programming interfaces (API) for its bitcoin payment system, GoBTC Pay.
- This allows merchants to create products and services that facilitate bitcoin transactions for everyday purchases.
- Unlike competitors, GoMining ensures that merchants receive bitcoin directly, rather than fiat currency.
GoMining, a bitcoin mining firm with BTC priced at $62,439.20, is simplifying the process for businesses to accept bitcoin payments, positioning itself against firms like Block's (XYZ) Square.
The company's approach stands apart from others, as transactions are entirely processed in bitcoin. In contrast, many rivals, including Square, allow customers to pay using bitcoin while providing merchants with fiat currency. Retailers using GoMining who wish to receive fiat must manage the conversion themselves.
CEO Mark Zalan stated in a Telegram interview, "Our idea isn't to squeeze bitcoin into the old fiat experience and lose what makes it bitcoin along the way. It's to solve the real problems with BTC payments: the high and variable fees, the slow and unpredictable settlement, while preserving non-custody and on-chain finality."
The newly announced SDK and API for GoBTC Pay will allow retailers to utilize this payment system, with plans to onboard an initial group of 10 merchants.
GoBTC Pay is designed to facilitate bitcoin payments that are settled directly on the Bitcoin network, utilizing GoMining's Stratum V2 mining protocol, and boasts an average settlement period of approximately 12 hours. Merchants will incur a 0.2% transaction fee, split evenly between wallet providers and miners.
Block, the fintech venture co-founded by Jack Dorsey, has also been developing its own bitcoin payments service over the past year. This service enables businesses to accept BTC through the Bitcoin layer-2 network, Lightning. Square's platform converts bitcoin payments into U.S. dollars by default, meaning merchants only receive bitcoin if they opt for it.
GoMining seems to be banking on the idea that an increasing number of businesses will prefer to receive and hold bitcoin directly.
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CEX Volumes Drop to Lowest Since September 2024 as RWA Perps Hit Record High
CEX Volumes Drop to Lowest Since September 2024 as RWA Perps Hit Record High
In May, combined exchange volumes decreased by 3.45% to $4.41 trillion, marking the lowest level since September 2024. RWA perpetual futures volumes, however, increased by 10.4%, achieving a new all-time high.
By CoinDesk ResearchJun 15, 2026In May, combined exchange volumes decreased by 3.45% to $4.41 trillion, marking the lowest level since September 2024. RWA perpetual futures volumes, however, increased by 10.4%, achieving a new all-time high.
Why it matters:
In May, combined exchange volumes decreased by 3.45% to $4.41 trillion, marking the lowest level since September 2024. RWA perpetual futures volumes, however, increased by 10.4%, achieving a new all-time high.
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