Nano Labs, a company that creates chips for cryptocurrency mining, has announced that it will now accept bitcoin payments through Coinbase. This is to provide customers with greater flexibility and help reduce the delays and fees associated with traditional bank transfers. The adoption of cryptocurrencies like bitcoin is spreading in the technology sector, and Nano Labs’ decision to accept them reflects this trend.
With the new payment option, the company aims to attract customers and partners who are interested in progressive financial solutions. As a result of the announcement, Nano Labs’ shares rose 5.6% to $3.40 in premarket trading, according to Nasdaq data. Despite China’s official stance on bitcoin and other cryptocurrencies remaining strict and restrictive, some Chinese companies, particularly in the technology sector, continue to show interest in cryptocurrencies.
This is partly due to the growing interest in digital innovations and the potential market demand for cryptocurrencies. In September 2021, the Chinese government declared all cryptocurrency transactions illegal and practically banned digital currencies like bitcoin.
