cryptodnes.bg
Nano Labs, a China-based mining chip designer listed on Nasdaq, saw a slight boost in its stock after announcing it will accept Bitcoin as payment via Coinbase.
The company stated this move is part of its strategy to embrace digital currency and enhance payment flexibility, especially as businesses look for secure cross-border transaction solutions.
However, Nano Labs did not clarify whether it will hold the Bitcoin received.
Following the announcement, Nano Labs’ shares rose by 2.81% to $3.29, though they remain down over 60% from a month ago and far from the company’s all-time high of $96.20 in 2022.
The trend of adopting cryptocurrency as payment is growing, with companies like Microsoft, McDonald’s in El Salvador, and the Dallas Mavericks accepting Bitcoin.
Meanwhile, China’s stance on crypto appears to be shifting, with recent comments from former finance minister Lou Jiwei calling for further exploration of crypto, and courts recognizing Bitcoin’s value. Hong Kong has also approved Bitcoin and Ethereum ETFs this year.