RATE Group | Bitcoin shopping app Lolli has quietly added big names like Walmart and Ulta
70935
post-template-default,single,single-post,postid-70935,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Bitcoin shopping app Lolli has quietly added big names like Walmart and Ulta

05 Dec Bitcoin shopping app Lolli has quietly added big names like Walmart and Ulta

Posted at 02:07h in Bitcoin News by

[ad_1]

American shoppers spent a record $9.4 billion online on Cyber Monday, up a healthy 19.7% from last year. And some portion of those shoppers made their purchases through the plug-in Lolli specifically in order to earn bitcoin—so many that Lolli says it saw an 88% bump in transactions on Cyber Monday.

Lolli, launched in August 2018, is a web plug-in that gives online shoppers cash-back rewards in the form of bitcoin. It is not a tool for paying with bitcoin; shoppers still make their purchases in fiat currency with a credit card, but the cash back comes in bitcoin deposited to a Lolli wallet. (Very few mainstream ecommerce sites accept bitcoin as payment, though Overstock.com was one of the first.)

Think of Lolli as a Honey (the online-shopping rewards plug-in that PayPal acquired for $4 billion) for bitcoin, a comparison Lolli CEO Alex Adelman welcomes.

The bitcoin reward percentage you can get through Lolli varies depending on the retailer, but the average rate is 7%, much higher…

[ad_2]

Source link

Tags:
, , , , , , , , ,