Alibaba has partnered with Lolli, a Bitcoin rewards shopping app, enabling its shoppers to earn 5% back in Bitcoin.
Shoppers in Alibaba can now get Satoshis (sats), the smallest unit of Bitcoin currency, worth 0.00000001 BTC, when shopping “thousands of items online,” Lolli says.
Biggest One Day Shopping Event
Last year, in Singles Day, Alibaba’s shoppers spent more than $31 billion.
The announcement was made on Nov. 11 on Singles Day, a shopping holiday in China. It is considered to be the world’s biggest one-day shopping event.
Alex Adelman, CEO, and co-founder at Lolli stated:
“Our partnership allows our users to earn
free bitcoin on millions of products online every day. Arguably the most
important piece of this partnership is that it supports our mission of
connecting the entire world through commerce.”
Only Available For US Users
The new program will be available only for US shoppers. Apparently, Chinese users cannot participate in the program and the products would be shipped from China to US users.
Aubrey Strobel, Lolli’s head of communications, mentioned about the firm’s plan to expand globally in 2020. The partnership is one of the first steps to connect China and the US through Bitcoin commerce.
Source: Lolli | Image: Shuttertsock
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