Alibaba Partners with Lolli to Give Bitcoin Back to Users
Chinese multinational conglomerate holding company Alibaba partners with Lolli, Bitcoin rewards shopping app, to provide its shoppers the opportunity to earn 5% back in BTC.
The announcement was made via official blog of Lolli on Singles Day, a shopping holiday that is celebrated in China on November 11. As a result of this partnership, Alibaba customers can get Satoshis when shopping various types of items online.
CEO and co-founder at Lolli Alex Adelman underlined that this new move is a game changing partnership for Lolli as Alibaba is the biggest retailer & e-commerce around the globe.
He noted: “Our partnership allows our users to earn free bitcoin on millions of products online every day,” mentioning that the most critical part of the cooperation is that it supports their objective of connecting the whole world through commerce.
The new feature provided by Lolli is yet available only in the US. Head of Communications at Lolli Aubrey Strobel stated that residents in China won’t have the possibility to get involved, and products would be shipped from China to the United States users.
Lolli CEO also announced that the shopping app is intended to expand globally in 2020, pointing out that this cooperation is a significant 1st step to connect China & the United States through Bitcoin & commerce.