Double eleven shopping to send bitcoin, this app did

Bitcoin startup Lolli announced that the company's users who shop on Alibaba can get a 5% bitcoin as a reward. Lolli is a browser-built application that is currently available for mainstream web sites, including Wal-Mart, through its portal.

Bitcoin

Lolli announced the news in the double eleven. According to Lolli, in the 2018 Singles Day, Alibaba's shoppers spent more than $31 billion.

Alex Adelman, CEO and co-founder of Lolli, pointed out that Alibaba is the world's largest retailer and e-commerce company, a move that is a very important step for Lolli.

“Our users earn free bitcoins on millions of online products every day. It can be said that the most important thing is that we can achieve the mission of connecting the whole world through business.”

However, this event is only available to US users. Aubrey Strobel, communications director at Lolli, said that Chinese residents will not be able to participate and that products must be shipped from China to the United States.

Adelman highlighted the company's plans to expand globally in 2020 and emphasized the desire to connect China and the United States through bitcoin and commercial.

Earlier today, the earliest Bitcoin shopping rewards app, Fold, announced support for purchases within the Airbnb app. With this new feature, Fold users receive 3% bitcoin cashback per stay and make reservations on the platform. The app can be used in specific countries including the US, Australia, Canada, Ireland, Mexico and the UK.

As for Alibaba, the Chinese retail giant has so far been unfriendly to Bitcoin. On October 10, Alibaba's digital payment platform Alipay reiterated its negative stance on Bitcoin , confirming that all Bitcoin-related transactions will be banned.

We will continue to update Blocking; if you have any questions or suggestions, please contact us!

Share:

Was this article helpful?

93 out of 132 found this helpful

Discover more

News

Investment tips for the next bull market: In-depth analysis of the development status and trends of 15 cryptocurrency tracks

Following the regular industry cycle pattern, the bear market has passed halfway. The Ethereum upgrade has brought ab...

Market

Why SEC Chairman Gary Gensler is Cracking Down on the Crypto Market: Latest Speech

SEC Chairman Gary Gensler gave a speech on June 8 at the Piper Sandler Global Exchange and Financial Technology Confe...

Opinion

Research on the major wallet risks of Binance, KuCoin, and Jump: Are assets stored in large institutions 100% safe?

Undoubtedly, mainstream exchanges and institutions have invested a significant amount of funds and manpower in networ...

Blockchain

Hong Kong Cryptocurrency New Policy's One-Year Anniversary A Year of Major Leaps and Key Milestone Review

Over the past year, Hong Kong has made great progress and shown strategic development in virtual asset policies. Sinc...

Policy

The Crypto Circus: A Bug’s Billion-Dollar Bonanza

During the 10th day of Sam Bankman-Fried's trial, talks focused on a software glitch and the allocation of funds for ...

Blockchain

6 pictures tell you about the development status of the Asian cryptocurrency market

Author: cryptanalysis CoinGecko company co-founder Bobby Ong translation: block rhythm BlockBeats-HQ Recently, at the...