{"id":12258,"date":"2024-11-12T07:41:22","date_gmt":"2024-11-12T07:41:22","guid":{"rendered":"https:\/\/www.cryptometer.io\/news\/?p=12258"},"modified":"2024-11-12T07:41:25","modified_gmt":"2024-11-12T07:41:25","slug":"microchip-company-nano-labs-now-accepts-bitcoin-payments","status":"publish","type":"post","link":"https:\/\/www.cryptometer.io\/news\/microchip-company-nano-labs-now-accepts-bitcoin-payments\/","title":{"rendered":"Microchip Company Nano Labs Now Accepts Bitcoin Payments"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Nano Labs, a China-based crypto mining chip manufacturer, announced that it will now accept Bitcoin for payments through Coinbase, causing a slight increase in its share price. Listed on Nasdaq, the Huangzhou-based company said the move reflects its dedication to \u201cembracing the latest in financial technology,\u201d driven by rising demand for digital currency transactions within the tech industry.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Nano Labs Embraces Bitcoin Amid Growing Digital Payment Demand<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">In a statement on November 11, Nano Labs highlighted its \u201cproactive stance\u201d in adapting to the evolving digital economy. The company noted that Bitcoin payments will offer \u201cgreater payment flexibility\u201d to clients, though it did not disclose whether it plans to hold Bitcoin on its balance sheet. Following the announcement, Nano Labs\u2019 stock price increased by 2.81%, reaching $3.29. However, this gain hasn\u2019t yet made up for the stock\u2019s over 60% decline over the past month.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Growing Trend: Companies Accepting Cryptocurrency Payments<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Nano Labs joins a growing number of global companies adopting cryptocurrency as a payment method. For instance:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Microsoft<\/strong> allows Bitcoin payments for purchases in its Xbox store.<\/li>\n\n\n\n<li><strong>McDonald\u2019s<\/strong> accepts crypto payments in El Salvador and Lugano, Switzerland.<\/li>\n\n\n\n<li><strong>Dallas Mavericks<\/strong>, the NBA team, enables fans to use Bitcoin for tickets and merchandise through BitPay.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">China\u2019s Evolving Stance on Cryptocurrency<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">China has a complex relationship with crypto. Despite a major crackdown on crypto mining and trading in 2021, recent signs suggest a softening stance. In September, former Chinese finance minister Lou Jiwei encouraged close examination of crypto\u2019s developments, and a Shanghai court recently recognized Bitcoin as a valuable, unique digital asset. Earlier this year, Hong Kong\u2019s Securities and Futures Commission approved its first spot Bitcoin and Ether ETFs, indicating a growing openness in the region.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nano Labs, a China-based crypto mining chip manufacturer, announced that it will now accept Bitcoin for payments through Coinbase, causing a slight increase in its share price. Listed on Nasdaq, the Huangzhou-based company said the move reflects its dedication to \u201cembracing the latest in financial technology,\u201d driven by rising demand for digital currency transactions within [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":6940,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[257,43],"tags":[],"class_list":["post-12258","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin","category-general-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.2 (Yoast SEO v27.7) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Microchip Company Nano Labs Now Accepts Bitcoin Payments<\/title>\n<meta name=\"description\" content=\"Nano Labs, a China-based crypto mining chip manufacturer, announced that it will now accept Bitcoin for 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