You Can Now Earn Bitcoin Rewards For Postmates Purchases (#GotBitcoin?)
Food delivery is about to get a little sweeter for the users of the bitcoin rewards platform Lolli. You Can Now Earn Bitcoin Rewards For Postmates Purchases (#GotBitcoin?)
The startup announced Wednesday that is has partnered with delivery service Postmates, making the popular app the latest partner for Lolli’s rewards program. One of the most popular food services, Postmates mobile app saw 2,094,920 downloads in the last 30 days alone per Crunchbase.
Launched in September 2019 on a seeding round $2.35 million. Lolli has added a range of new partners this summer including national grocery chain Safeway in July and Hotels.com in June. Lolli claims over 750 online retail partners including Walmart and Sephora, among others.
Lolli has said that about 40 percent of its users are new to the cryptocurrency scene.
Speaking with CoinDesk, Lolli co-founder and CEO Alex Adelman says Lolli remains committed to making bitcoin more mainstream.
“This is another step towards the mainstream adoption of bitcoin as Postmates is used daily by people across the US,” Adelman said. “One of Lolli’s objectives to make bitcoin a part of people’s everyday lives. Our partnership with Postmates achieves this.”
“Everybody eats and now you don’t have to feel guilty about ordering in when you’re stacking sats on each order,” Adelman added.
Bitcoin Rewards App Lolli Partners With Major US Pet Store Chain Petco (#GotBitcoin?)
Lolli, an app that provides Bitcoin (BTC) rewards to users when they shop with partner stores, has teamed up with major American pet retailer Petco.
The Rewards Deal With Petco
Lolli announced the new partnership in an official blog post on Aug. 23. In the announcement, the company notes that there are two new veins of rewards that come with the partnership. One is that Lolli users can earn up to 3.5% satoshis (sats) of their purchases on Petco’s website, Petco.com.
Another is that Lolli users can earn a flat 5,000 sats payment for sharing a photo of their dog and commenting on the partnership. A satoshi is 0.00000001 BTC. Therefore, these users would earn 0.00005 BTC for promoting the partnership with their dog photos. At press time, this amount of Bitcoin is equivalent to a little over $0.51.
Petco is the second-largest pet chain retailer in the United States, controlling nearly 20% of the market according to data from Statista.
Lolli’s Expansion With Other Stores
As previously reported by Cointelegraph, Lolli partnered with the American grocery chain Safeway near the end of July. As is the case with the Petco partnership, Lolli announced that they would offer 3.5% back in BTC for their total purchases.
Lolli also partnered with the booking service Hotels.com back in June. This website apparently lists over 325,000 properties in approximately 19,000 locations globally.
Coincheck Survey Service Allows Users to Trade Reward Points For Crypto
Cryptocurrency exchange Coincheck, a subsidiary of Japanese financial services firm Monex Group, partnered with marketing research company Macromill Group to launch the Coincheck Survey service that allows its users to exchange reward points for digital assets.
Survey Participants Can Earn Bitcoin
According to Monex Group’s official press release published on Sept. 4, customers will be able to “exchange Macromill Points, which are offered as compensation for participating in surveys,” for Bitcoin (BTC), Ethereum (ETH) and Ripple’s XRP starting Sept. 10. The announcement states:
“In partnership with Macromill, a leading marketing research company that offers marketing solutions best suited for clients, Coincheck is expanding opportunities for an increase in the number of people who start investing in cryptocurrencies. […] Macromill typically offers Macromill Points to Macromill Monitors who participate in the surveys conducted by the company.
The launch of Coincheck Survey makes it possible for monitors to exchange those Macromill Points to cryptocurrencies.”
Crypto Loyalty Programs Are On The Rise In Japan
Per the release, a Coincheck account is required for “Macromill Monitors” to participate in the program.
According to Cointelegraph Japan, the program’s exchange rate will be 1 yen per point. It is also noted that “in addition to cashing for 1 yen per point, it can be exchanged for products, T-points, and Amazon gift certificates.”
As we reported on Aug. 20, Japanese cryptocurrency exchange bitFlyer and technology services company Tpoint Japan also announced a partnership that allows local customers to exchange loyalty program points for BTC and earn rewards for paying in crypto.
Alibaba Partners with Lolli to Allow US Shoppers Earn ‘Free Bitcoin’
Chinese e-commerce giant Alibaba has partnered with Bitcoin (BTC) rewards shopping app Lolli, enabling its shoppers to earn 5% back in Bitcoin. Alibaba customers can now get Satoshis (sats), the smallest unit of Bitcoin currency, worth 0.00000001 BTC, when shopping “thousands of items online,” Lolli says.
World’s Biggest Retailer And Biggest One-Day Shopping Event
The partnership was announced on Singles Day, a shopping holiday that is celebrated in China on Nov. 11 and is considered to be the world’s biggest one-day shopping event. According to Lolli, Alibaba shoppers spent more than $31 billion on Singles Day in 2018.
Alex Adelman, CEO and co-founder at Lolli, pointed out that the new move is a milestone partnership for Lolli as Alibaba is the largest retailer and e-commerce company in the world.
“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.”
Feature Is Only Available In The United States
According to a Coindesk report, the new program will only be available for purchases in the United States. Aubrey Strobel, Lolli’s head of communications, reportedly claimed that residents in China will not be able to participate, and products would be shipped from China to U.S. users.
In the report, Adelman highlighted the firm’s plans to expand globally in 2020 and emphasized that the partnership is a great first step to connect China and the U.S. through Bitcoin and commerce.
Earlier today, Cointelegraph reported on Fold, one of the oldest Bitcoin shopping rewards apps, launching support for home-sharing giant Airbnb today. With the new feature, Fold users can get 3% back in Bitcoin on every stay and experience booked on the platform. The app works in selected countries including the U.S., Australia, Canada, Ireland, Mexico and the United Kingdom, depending on the specific brand.
Regarding Alibaba, the Chinese retail giant has not been friendly to Bitcoin to date. On Oct. 10, Alibaba’s digital payment arm Alipay reiterated its negative stance to Bitcoin, confirming that it will be banning all transactions identified as connected to Bitcoin.
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