Lolli, a retail crypto startup, has reported an association with Chinese worldwide shopping mammoth, Alibaba. Within the partnership, Lolli clients can procure back up to 5% bitcoin when shopping with Alibaba online.
The partnership will allow online shoppers from the United States to get money back in bitcoin through the Lolli app. The partnership offer is only available for US customers.
Lolli’s application enables clients to shop through dealers’ sites as they usually would and acquire small bitcoin rewards delivered to their wallet.
November 11 is a popular shopping holiday among young Chinese people, and is celebrated as ‘Single’s Day’.
Customers are eligible to get bitcoin back by installing the Lolli Browser Extension, activating the app, and shopping on partner websites.
CEO and Co-founder of Lolli, Alex Adelman, said:
“I’m excited to partner with Alibaba on Singles Day and offer the opportunity to earn bitcoin back to its shoppers. This is a milestone partnership for Lolli as Alibaba is the largest retailer and e-commerce company in the world, launching on Single’s Day, the world’s largest shopping day of the year. Our partnership allows our users to earn free bitcoin on millions of products online every day.”
According to Alibaba, after one hour of event kick-off, the number topped $12 billion.
The shopping festival was first launched in 2009, with 27 merchants participating as an opportunity for merchants and customers to increase awareness of the importance of online shopping.
In 2018, consumers globally spent more than 31 billion dollars within 24 hours!!