Alibaba Offers Bitcoin Rewards on Largest One-Day Shopping Event
Alibaba has partnered with bitcoin (BTC) reward app Lolli, allowing customers to earn 5% back in BTC.
The partnership occurred on Alibaba’s biggest one-day shopping event, Singles Day, celebrated on Nov. 11.
This year, Alibaba shoppers spent more than $38 billion on Singles Day.
“Our partnership allows our users to earn free bitcoin on millions of products online every day,” said Lolli CEO and co-founder Alex Adelman.
“Arguably the most important piece of this partnership is that it supports our mission of connecting the entire world through commerce.”
Aubrey Strobel, Lolli’s head of communications said the BTC rewards program will only be available for purchases made in the United States.
“We believe that bitcoin is the future, however, bitcoin in its current state is not easily accessible,” the company stated.
“Our mission is to change this with Lolli, making it easy for everyone to earn, save, and share bitcoin. We see online shopping as an incredible opportunity to both educate and reward people with the power of bitcoin. We want to live in a world where every payment is as fast, inexpensive, and universal as sending a text message. We are on a mission to spread bitcoin to billions of people all around the world with the click of a button. We’re building the future we all want to live in and hope you’ll join us on this journey.”