[GoMining Launches Bitcoin Payment Protocol GoBTC Pay, Challenging Jack Dorsey's Square] According to a report by CoinDesk, Bitcoin mining company GoMining has announced the launch of its Bitcoin payment protocol GoBTC Pay, along with a software development kit (SDK) and API interface. This allows merchants to directly accept BTC payments for everyday transactions, further intensifying competition with Block's Square. GoMining stated that the core difference between its solution and competitors like Square lies in the fact that transactions are settled entirely in Bitcoin, rather than being automatically converted into fiat currency. GoBTC Pay is built on the Bitcoin network and the Stratum V2 mining pool protocol, with an average settlement time of approximately 12 hours. Merchant transaction fees are set at 0.2%, which are split between wallet service providers and miners. The company plans to onboard an initial group of 10 merchants, betting on the future trend of more merchants choosing to hold Bitcoin directly rather than selling it immediately.