**[GoMining Launches Bitcoin Settlement Payment System GoBTC Pay to Challenge Square]** Odaily Planet Daily News – Bitcoin mining company GoMining has announced the launch of its payment protocol, GoBTC Pay, along with the release of its SDK and API, enabling merchants to directly integrate Bitcoin payment systems for everyday goods and services settlements. This solution is seen 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 operates entirely on Bitcoin settlements without relying on default fiat currency conversion. GoMining stated that merchants can complete transaction settlements on the Bitcoin network through GoBTC Pay, with an average confirmation time of approximately 12 hours, running on its Stratum V2 mining protocol. The system's transaction fee is about 0.2%, which is shared proportionally between wallet providers and miners. (CoinDesk)