GoMining unveils BTC payment tool for merchants

Bitcoin mining company GoMining has released a payment development tool for merchants, CoinDesk reported. The entire payment process is conducted in BTC. Unlike competing services such as Block's Square, where consumer BTC payments are settled in fiat currency for merchants, GoMining's network defaults to BTC settlement. Merchants who prefer fiat must exchange it separately. The average settlement time is approximately 12 hours. The platform charges a 0.2% transaction fee, which is split equally between wallet providers and miners.