February 27, 2021

Alibaba US users will be able to receive BTC cashback through the Lolli app

Bonus platform Lolli, paying users rewards in BTC, began to cooperate with Chinese e-commerce giant Alibaba.

The cooperation of the platform with Alibaba became known on November 11 on “Bachelors' Day” - an analogue of “Black Friday” in the USA. This year, Alibaba Group's online sales on this day brought in more than $ 38 billion.

Lolli allows users to receive cashback inBTC when buying goods in stores that are partners of the company. Lolli Communications Manager Aubrey Strobel said the new bonus program will only be available for purchases made in the United States.

For Chinese Americans,International students and tourists this can be an additional bonus if they participate in online holiday sales. At the same time, Chinese people will not be able to receive cashback.

Lolli CEO Alex Adelman called the partnership with Alibaba an important milestone for a startup that plans to enter the international market in 2020:

“This partnership will be a great first step forconnecting the two largest economies - China and the USA - through BTC and online commerce. At the moment, the option is available only to users from the United States, but we plan to expand internationally. ”

In July, it became known that grocery buyersSafeway networks will be able to receive BTC cashback through the Lolli app. In addition, last fall, the bonus platform received $ 2.25 million from Bain Capital Ventures and Digital Currency Group.