Bitcoin · CoinDesk
GoMining challenges Jack Dorsey's Square with payments system designed around bitcoin
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Bitcoin BTC $ 63,634.31 mining company GoMining said it is making it easier for companies to accept bitcoin BTC $ 63,634.31 payments, bringing it into competition with companies including Block's (XYZ) Square.
Key facts
- In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024
- Bitcoin BTC $ 63,634.31 mining company GoMining said it is making it easier for companies to accept bitcoin BTC $ 63,634.31 payments, bringing it into competition with companies including Block's
- The system allows businesses to accept BTC using the Bitcoin layer-2 network Lightning
- GoMining's software development kit (SDK) and application programming interfaces (API) for its BTC payment protocol GoBTC Pay, unveiled Friday, enable retailers to access its GoBTC Pay system
Summary
GoMining unveiled a software development kit (SDK) and application programming interfaces (API) for its bitcoin payment protocol, GoBTC Pay. Merchants will be able to build products and services that use the system, allowing them to accept bitcoin for everyday purchases. GoMining's service differs from rivals because the merchant receives bitcoin, not fiat, by default. Where GoMining says it differs from incumbents is that the entire transaction is completed in bitcoin.