{"id":99391,"date":"2024-11-11T16:38:02","date_gmt":"2024-11-11T20:38:02","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=99391"},"modified":"2024-11-11T16:42:10","modified_gmt":"2024-11-11T20:42:10","slug":"nano-labs-starts-accepting-payments-in-bitcoin","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/nano-labs-starts-accepting-payments-in-bitcoin\/","title":{"rendered":"Nano Labs Starts Accepting Payments in Bitcoin"},"content":{"rendered":"\n

Nano Labs, a fabless integrated circuit design company based in Hangzhou, has started taking Bitcoin payments for its goods using a Coinbase business account<\/a>.\u00a0<\/p>\n\n\n\n

\"Nano
Nano Labs Starts Accepting Payments in Bitcoin<\/figcaption><\/figure>\n\n\n\n

In a news statement on November 11, Nano Labs, a cryptocurrency-mining chip designer situated in Hangzhou, Zhejiang province, said that it has begun to accept Bitcoin as payment for its goods via a Coinbase business account. <\/p>\n\n\n\n

According to the corporation, this choice is a reflection of the technology sector's increasing need for crypto operations<\/a>.\u00a0Nano Labs:<\/p>\n\n\n\n

\n

As cryptocurrency adoption continues to grow, particularly among businesses seeking efficient and secure cross-border transactions, the company's acceptance for payments in Bitcoin highlights its proactive stance in the evolving digital economy.”<\/p>\n<\/blockquote>\n\n\n\n

The chip designer stressed that taking Bitcoin “aligns with its long-term vision,” even if it is yet unknown if Nano Labs intends to keep the cryptocurrency on its balance sheet. <\/p>\n\n\n\n

According to Nasdaq data, Nano Labs' shares increased 5.6% in pre-market trading \r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>to $3.40 shortly after the news broke. <\/p>\n\n\n\n

Kong Jianping and Sun Qifeng founded Nano Labs in 2019, and the company went public in July 2022. <\/p>\n\n\n\n

The company only raised $20 million in its U.S. IPO, compared to its initial goal of raising up to $50 million. <\/p>\n\n\n\n

Offering devices such as the Cuckoo 1.0, Cuckoo 2.0, and Darkbird 1.0 chips, Nano Labs is a Chinese company that specializes in fabless IC design<\/a> and product solutions. PitchBook data indicates that China accounts for the majority of its revenue.<\/p>\n","protected":false},"excerpt":{"rendered":"

Nano Labs, a fabless integrated circuit design company based in Hangzhou, has started taking Bitcoin payments for its goods using a Coinbase business account.\u00a0 In a news statement on November 11, Nano Labs, a cryptocurrency-mining chip designer situated in Hangzhou, Zhejiang province, said that it has begun to accept Bitcoin as payment for its goods […]<\/p>\n","protected":false},"author":43,"featured_media":99392,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[152,150,22777],"class_list":["post-99391","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-coinbase","tag-nano-labs"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/11\/croc_1731356555910.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/99391","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=99391"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/99391\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/99392"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=99391"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=99391"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=99391"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}