Nano Labs embraces Bitcoin payments
Transactions will be facilitated through Coinbase, simplifying the process for customers.
Nano Labs, a prominent semiconductor company in Hangzhou, has announced that it will now accept Bitcoin as payment for its products. It marks a milestone in cryptocurrency adoption. Transactions will be processed through Coinbase, making it easier for customers to use the digital currency.
Renowned for its cryptocurrency-mining chips like the Cuckoo 1.0 and Darkbird 1.0, Nano Labs sees this move as a proactive step in adapting to the rapidly growing digital economy. The firm has been actively aligning itself with trends prioritising secure, swift cross-border transactions, a vital need in today’s tech industry.
Following the announcement, Nano Labs’ stock price surged 5.6% in premarket trading to $3.40, reflecting market confidence in its forward-thinking strategy. While the company’s intent to hold Bitcoin on its balance sheet remains unclear, this development underscores the tech sector’s increasing acceptance of cryptocurrency as a legitimate payment method.
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