GoMining challenges Jack Dorsey's Square with payments system designed around bitcoin
CoinDesk 2026-06-19 12:30:00
Context: GoMining, a company that appears to be involved in bitcoin-related services, has launched a challenge to Jack Dorsey's Square with the introduction of its own payments system centered around bitcoin. The system, called GoBTC Pay, is designed to enable merchants to accept bitcoin for everyday purchases. This move seems to be part of a larger trend of companies exploring the use of cryptocurrencies for payment purposes.
Key Facts
- GoMining has unveiled a software development kit and programmable access for its bitcoin payment protocol GoBTC Pay, allowing merchants to accept BTC for everyday purchases.
- The GoBTC Pay system is designed to compete with Square, a payments company founded by Jack Dorsey, which has also explored the use of cryptocurrencies for payment purposes.
- GoMining's new system aims to provide merchants with a bitcoin-centric payment solution, potentially expanding the use of cryptocurrencies for everyday transactions.
- The introduction of GoBTC Pay may have implications for the broader payments industry, potentially disrupting traditional payment systems and offering consumers more options for making purchases.
- GoBTC Pay's software development kit and programmable access are intended to provide developers with the tools needed to integrate the payment protocol into various applications and services.