Free Bitcoin Rewards Feature On Alibaba for US Shoppers
Chinese e-commerce company Alibaba is partnering with Bitcoin rewards shopping application Lolli, to enable shoppers on the giant to earn 5% back in Bitcoin. Alibaba customers will now receive Satoshis (Sats). A satoshi is the smallest unit of Bitcoin currency and is worth 0.00000001 BTC. Only customers who shop thousands of items online will be able to benefit from the rewards system.
World’s biggest retailer and biggest one-day shopping event
Lolli announced the partnership during the Single Day, an annual shopping holiday celebrated on Nov 11 in China. Single Day is considered the world’s biggest one-day shopping event and attracts interest across the Asian continent. According to information provided by Lolli, Alibaba shoppers spent more than $31 billion in 2018’s Singles Day. Lolli’s co-founder and CEO Alex Adelman noted that the partnership marks a fresh milestone for Lolli, since Alibaba is the largest e-commerce and retail hub 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
The new program will however only be available to Alibaba shoppers in the United States. Aubrey Strobel, a head of communication at Lolli allegedly claimed that Chinese residents will not participate in the rewards system. Nevertheless, Products will be shipping from China to the US. Aubrey’s report highlights the applications plans to expand into the global market by the year 2020. He went ahead to emphasize the Alibaba partnership a huge step towards connecting China and the US through; Bitcoin and commerce.
Elsewhere on Bitcoin payment, Fold application has allowed support for Bitcoin payment towards the home-sharing giant Airbnb. The new feature will give Fold users a 3% back return reward in Bitcoin on every experience they booked through Airbnb. Meanwhile, the application only works in select countries including Australia, Canada, Ireland, Mexico and the United Kingdom.
On the downside, Alibaba has not been that friendly to Bitcoin as you can remember; back in October Alipay (Alibaba’s digital payment arm) stated that it would ban all transactions connected to Bitcoin.
About The Author
Richard M AdrianBlockchain Analyst with a demonstrated history of working in the writing and editing industry. Skilled in WordPress, Editing, SEO Copywriting, Copy Editing, and Blog Marketing. When I am not writing, analyzing bulls/bears - I will be listening to music, reading a thrilling novella or hiking. Email me at Richardmadrian@gmail.com - And we could talk about anything - business or dragons.
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