Crypto mining chip designer Nano Labs has announced that it now accepts bitcoin as payment for its goods and services through commercial accounts on Coinbase, causing its share price to rise slightly. Nano Labs said it was "taking a proactive stance in the evolving digital economy" as cryptocurrency "adoption continues to grow, particularly among businesses looking for efficient and secure cross-border transactions". According to Nano Labs, adopting Bitcoin would provide "greater payment flexibility," but it did not provide any details on whether it intends to keep the cryptocurrency on its balance sheet.