EL7.AI
CryptoUpdated×3•Originally published 19 June 2026•Updated 19 June 2026•
1 min read

GoMining Launches GoBTC Pay to Challenge Square in Bitcoin Payments

Key Facts

1GoMining unveiled a software development kit (SDK) for its GoBTC Pay protocol, enabling merchants to accept Bitcoin.

In a move reflecting the ongoing push to integrate cryptocurrencies into the real economy, GoMining has launched a new payments system and protocol called GoBTC Pay. The company unveiled a dedicated software development kit (SDK) that enables merchants to accept Bitcoin for everyday transactions. This launch aims to provide programmable access for retail BTC acceptance, positioning GoMining as a direct challenger to Jack Dorsey’s Square in the fintech space.

This expansion comes amid intensifying competition in digital payments, with Block (Square's parent company) reporting $2.73 billion in Bitcoin revenue for Q1 2024 according to official earnings reports. GoBTC Pay seeks to lower the technical barriers for small and medium-sized merchants compared to existing legacy solutions. Per market data, the rise of programmable protocols is increasingly enhancing Bitcoin's utility as a medium of exchange rather than just a speculative asset.

Looking ahead, investors are focused on GoMining's ability to capture market share from established fintech giants. According to the economic calendar, US Michigan Consumer Sentiment stood at 48.9 as of June 12, 2026, highlighting a shifting consumer landscape. Traders should watch upcoming retail sales data to gauge overall spending appetite and the potential rate of adoption for crypto-integrated payment solutions.

Latest Updates · 3

  1. Notable·

    Update: GoMining has disclosed further financial and technical details for GoBTC Pay, setting a transaction processing fee of 0.2%, a competitive rate aimed at undercutting traditional card networks. Additionally, the company confirmed that the infrastructure enables direct settlement on the Bitcoin network, removing the need for fiat currency intermediaries during the payment process.

  2. Notable·

    Update: GoMining clarified that its GoBTC Pay protocol supports direct Bitcoin settlement, allowing merchants to retain BTC without mandatory conversion into fiat currencies. The company also released dedicated API tools alongside its SDK to provide greater flexibility for integration into diverse e-commerce platforms.

  3. Notable·

    Update: GoMining has expanded its GoBTC Pay network access to include digital wallets alongside merchants, aiming to deepen its integration into global markets. This expansion allows digital wallet users to interact directly with the payment ecosystem, enhancing the connectivity between custodial service providers and commercial entities.