For Black Friday, Alex Adelman, cofounder and CEO of Lolli, talks about how, with the Lolli browser extension, shoppers can earn back, on average 7%, but as much as 45%, of their purchases in Bitcoin at over 750 merchants, including Walmart, Bloomingdales, Gap, Barnes & Noble, Postmates, Sephora, Sonos, Hotels.com and more. He talks about how about 50% of Lolli users appear to be new to Bitcoin, how 30% are women, which is likely much higher compared to other crypto companies, and how Lolli makes its money (hint: not off your data). He also covers where people can use Lolli, whether it will offer other cryptocurrencies and the announcement of their partnership with Alibaba, which the Chinese company later denied.
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Alex Adelman: https://twitter.com/alexadelman
Lolli announcement: https://medium.com/@alexadelman/lolli-bitcoin-for-everyone-aa8f52e0ffa
Who is using Lolli: https://twitter.com/YahooFinance/status/1154400724563836929
CoinDesk on partnership with Alibaba: https://www.coindesk.com/alibaba-offers-bitcoin-rewards-through-lolli-shopping-app-for-singles-day
Clarification on partnership with Alibaba: https://www.coindesk.com/alibaba-denies-partnership-with-lolli-highlighting-crypto-industry-pitfalls
Weekly news recap: