eBay Partners With Lolli to Incorporate Free Bitcoin Reward Functionality
eBay, the popular online auction platform, has partnered with Lolli, a crypto focused shopping app, to offer Bitcoin (BTC) rewards for its users totaling about 127 million. Lolli stated that its users will be rewarded 1% in Bitcoin when they participate and purchase goods via eBay platform.
The step is a portion of a two-fold strategy to embed crypto payments with online platform and to heighten cognizance about cryptocurrencies.
Lolli CEO and cofounder Alex Adelman issued the following statement regarding the integration of Bitcoin rewards facility:
“Today, we are proud to partner and make bitcoin more accessible to those users and continue our mission of furthering bitcoin education and adoption.”
Matt Senter, Lolli’s CTO and cofounder, further stated:
“We’re proud to launch with eBay just in time for Black Friday and Cyber Monday as a treat to our loyal Lolli shoppers. We’ve been working tirelessly to make this integration possible in time for people to earn bitcoin on all their holiday shopping this year.”
Lolli offers crypto rewards in the form of free Bitcoin when its customers shop online at any of the 1,000 partner shops. Lolli offers cost free Chrome browser extension that issues alerts whenever a client visits an associate retailer’s website. The feature is now offered for eBay customers as well.
It seems the eBay platform has embedded Lolli on time to serve the customers who are already in holiday mood. Online sales associated with Black Friday and Cyber Monday are anticipated to eclipse $22 billion in 2020.
So far this year, the price of Bitcoin has gained about 160%, easily surpassing conventional financial investment vehicles. Therefore, getting free Bitcoin could be lucrative to shoppers during Christmas and New Year as the numero uno crypto is on course to reach all-time peak.
The largest crypto hogged the limelight in recent weeks on news of Bitcoin (BTC) supply shortage. PayPal, which recently started facilitating crypto transactions (buying, selling and storage) for the US clients, is supposedly purchasing roughly 70% of all freshly mined Bitcoin.