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Lolli

Lolli

Lolli is the first Bitcoin rewards application that lets people earn and own Bitcoin when they shop online. [6] [3]

Overview

Lolli has partnered with over 500 retailers including Walmart, Jet.com, Priceline.com, and Bloomingdales. When a user makes a purchase at one of Lolli's partner site, Lolli receives a percentage commission on the sale. Lolli splits that commission with the user sending Bitcoin to their Lolli wallet. [6] [3]

Partnership with Alibaba

In November 2019, Lolli and Alibaba announced a partnership where Lolli enables Alibaba customers to receive 5% of their purchases back in Bitcoin. The partnership was announced on Singles' Day, a shopping holiday that is celebrated in China on November 11.[8]

According to a CoinDesk report, the new program will only be available for purchases in the United States. Aubrey Strobel, Lolli’s head of communications, reportedly claimed that residents in China will not be able to participate, and products would be shipped from China to U.S. users.[8]

Mission

Lolli believes that bitcoin is the future, however, bitcoin in its current state is not easily accessible.

Their mission is to change this with Lolli, making it easy for everyone to earn, save, and share bitcoin.

Lolli sees online shopping as an incredible opportunity to both educate and reward people with the power of bitcoin.

They want to live in a world where every payment is as fast, inexpensive, and universal as sending a text message.

Lolli are on a mission to spread bitcoin to billions of people all around the world with the click of a button.

[6]

Team

Lolli was founded by Alex Adelman and Matt Senter. They had previously founded Cosmic Cart, a “universal shopping cart” that would allow companies to sell their goods anywhere online. The company was eventually acquired by PopSugar, and acquired a second time by Ebates, a Rakuten-owned affiliate marketing platform. [3]

References

[1]
Citation Linktwitter.comLolli Twitter - @TryLolli
Apr 9, 2019, 5:52 PM
[2]
Citation Linkpopsugar.comPop Sugar Feature - Lolli
Apr 9, 2019, 5:58 PM
[3]
Citation Linktechcrunch.comTechCrunch Feature - Lolli
Apr 9, 2019, 5:59 PM
[4]
Citation Linktheblockcrypto.comThe Block Crypto Feature - Lolli
Apr 9, 2019, 5:59 PM
[5]
Citation Linkbusinessinsider.comBusiness Insider Feature - Lolli
Apr 9, 2019, 6:00 PM
[6]
Citation Linklolli.comLolli Website
Apr 9, 2019, 6:03 PM
[7]
Citation Linkyoutu.beEarn Bitcoin While Shopping Online With Lolli
Apr 9, 2019, 10:36 PM
[8]
Citation Linkcointelegraph.comhttps://cointelegraph.com/news/alibaba-partners-with-lolli-to-allow-us-shoppers-earn-free-bitcoin
Nov 12, 2019, 8:36 PM