GoMining Takes Aim at Block's Square with Bitcoin-Native Payment Tool

GoMining has entered the merchant payment space with a Bitcoin-native settlement tool, directly competing with established services like Block's Square. Unlike traditional crypto payment solutions that convert consumer BTC payments into fiat currency for merchants, GoMining's network defaults to settling all transactions in Bitcoin.

The platform reports an average settlement time of approximately 12 hours and charges a 0.2% transaction fee, which is split equally between wallet providers and miners on the network. This competitive fee structure makes it an attractive option for businesses that want to hold Bitcoin directly rather than immediately converting to fiat.

GoMining's move addresses a persistent friction point in cryptocurrency adoption: the desire of some merchants to hold Bitcoin directly rather than immediately converting to fiat. The introduction of this BTC-native settlement option provides a genuine alternative for merchants who want to avoid the volatility of converting to fiat or who wish to build a Bitcoin treasury.