Nano Labs Starts Accepting Payments in Bitcoin
Nano Labs (Nasdaq: NA), a Chinese fabless integrated circuit design company, announced the establishment of a Coinbase account to begin accepting Bitcoin payments for its products. This strategic initiative aims to enhance global transaction capabilities and provide greater payment flexibility to clients and partners. The move responds to increasing demand for digital currency transactions in the technology sector and positions the company to attract partners who prefer cryptocurrency-based transactions.
Nano Labs (Nasdaq: NA), un'azienda cinese di design di circuiti integrati senza fabbrica, ha annunciato l'apertura di un account Coinbase per iniziare ad accettare pagamenti in Bitcoin per i suoi prodotti. Questa iniziativa strategica mira a migliorare le capacità di transazione globali e a fornire maggiore flessibilità nei pagamenti per clienti e partner. Questa mossa risponde alla crescente domanda di transazioni in valuta digitale nel settore tecnologico e posiziona l'azienda per attrarre partner che preferiscono transazioni basate su criptovalute.
Nano Labs (Nasdaq: NA), una empresa china de diseño de circuitos integrados sin fábrica, anunció el establecimiento de una cuenta en Coinbase para comenzar a aceptar pagos en Bitcoin por sus productos. Esta iniciativa estratégica tiene como objetivo mejorar las capacidades de transacción global y proporcionar mayor flexibilidad de pago a clientes y socios. Este movimiento responde a la creciente demanda de transacciones en moneda digital en el sector tecnológico y posiciona a la empresa para atraer socios que prefieren transacciones basadas en criptomonedas.
나노랩스 (Nasdaq: NA), 중국의 팹리스 집적회로 설계 회사,가 자사 제품에 대해 비트코인 결제를 수용하기 위해 코인베이스 계정을 개설했다고 발표했다. 이 전략적 이니셔티브는 글로벌 거래 기능을 개선하고 고객과 파트너에게 더 큰 결제 유연성을 제공하는 것을 목표로 한다. 이 움직임은 기술 분야에서 디지털 화폐 거래에 대한 증가하는 수요에 대응하며, 암호화폐 기반 거래를 선호하는 파트너를 유치하기 위해 회사를 포지셔닝한다.
Nano Labs (Nasdaq: NA), une entreprise chinoise de conception de circuits intégrés sans usine, a annoncé l'établissement d'un compte Coinbase pour commencer à accepter des paiements en Bitcoin pour ses produits. Cette initiative stratégique vise à améliorer les capacités de transaction mondiales et à offrir une plus grande flexibilité de paiement aux clients et partenaires. Ce mouvement répond à la demande croissante de transactions en monnaie numérique dans le secteur technologique et positionne l'entreprise pour attirer des partenaires qui préfèrent les transactions basées sur les cryptomonnaies.
Nano Labs (Nasdaq: NA), ein chinesisches Unternehmen für das Design von Halbleiterbauelementen ohne eigene Fertigung, hat die Eröffnung eines Coinbase-Kontos angekündigt, um Bitcoin-Zahlungen für seine Produkte zu akzeptieren. Diese strategische Initiative zielt darauf ab, die globalen Transaktionsmöglichkeiten zu verbessern und den Kunden und Partnern mehr Zahlungsflexibilität zu bieten. Dieser Schritt reagiert auf die steigende Nachfrage nach digitalen Währungstransaktionen im Technologiesektor und positioniert das Unternehmen, um Partner zu gewinnen, die kryptowährungsbasierte Transaktionen bevorzugen.
- Implementation of Bitcoin payment acceptance expands payment options for customers
- Strategic positioning to capture cryptocurrency-preferring clients and partners
- Enhanced capability for cross-border transactions
- Exposure to cryptocurrency market volatility risks
- Potential regulatory compliance challenges with crypto payments
Insights
The acceptance of Bitcoin payments represents a strategic move with both opportunities and risks. While this opens up new payment channels and potentially attracts crypto-native clients, the high volatility of Bitcoin poses significant financial risks. Key benefits include:
- Reduced cross-border transaction fees
- Faster settlement times
- Expanded market reach to crypto-friendly clients
HANGZHOU, China, Nov. 11, 2024 (GLOBE NEWSWIRE) -- Nano Labs Ltd (Nasdaq: NA) (“we,” the “Company” or “Nano Labs”), a leading fabless integrated circuit design company and product solution provider in China, today announced that the Company has set up a Coinbase account and starts accepting payments in Bitcoin in exchange for its products. This strategic move marks the Company’s commitment to embracing the latest in financial technology and enhancing its global transaction capabilities.
In response to the increasing demand for digital currency transactions in the technology sector, Nano Labs has taken this step to provide clients and partners with greater payment flexibility. 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.
Nano Labs’ acceptance for payments in Bitcoin aligns with its long-term vision of staying at the forefront of technology advancements and delivering added value to clients worldwide. With this new capability, the Company is positioned to attract a broader range of partners and customers who value progressive financial options.
About Nano Labs Ltd
Nano Labs Ltd is a leading fabless integrated circuit (“IC”) design company and product solution provider in China. Nano Labs is committed to the development of high throughput computing (“HTC”) chips, high performance computing (“HPC”) chips, distributed computing and storage solutions, smart network interface cards (“NICs”) vision computing chips and distributed rendering. Nano Labs has built a comprehensive flow processing unit (“FPU”) architecture which offers solution that integrates the features of both HTC and HPC. Nano Lab's Cuckoo series are one of the first near-memory HTC chips available in the market*. For more information, please visit the Company’s website at: ir.nano.cn.
* According to an industry report prepared by Frost & Sullivan.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, the Company’s plan to appeal the Staff’s determination, which can be identified by terminology such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. Such statements are based upon management’s current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company’s control, which may cause the Company’s actual results, performance or achievements to differ materially from those in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law.
For investor inquiries, please contact:
Nano Labs Ltd
ir@nano.cn
Ascent Investor Relations LLC
Tina Xiao
Phone: +1-646-932-7242
Email: investors@ascent-ir.com
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