Svmuu News Bitcoin Mining company GoMining has announced the launch of its payment protocol, GoBTC Pay, and has made its SDK and API available, allowing merchants to directly integrate with the Bitcoin payment system for the settlement of everyday goods and services. This solution is viewed as a direct competitor to Block’s (Square) payment system.Unlike platforms such as Square, which typically convert merchant settlements into fiat currency, GoMining emphasizes that its system handles the entire process using Bitcoin for settlement, without relying on default fiat conversion.GoMining states that merchants can settle transactions on the Bitcoin network via GoBTC Pay, with an average confirmation time of approximately 12 hours, and the system operates based on its Stratum V2 mining protocol. The transaction fee is approximately 0.2%, split proportionally between the wallet provider and miners.(CoinDesk)