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    Alibaba Offers Bitcoin Shopping Cashback Rewards Via Lolli App With New Partnership

    Popular crypto cash back rewards platform Lolli partners with Alibaba for Singles Day to give online retail shoppers the ability to earn bitcoin back instead of regular perks.

    The affiliate retail startup Lolli has started a new partnership with the Chinese e-commerce giant Alibaba. Now, Alibaba will offer Bitcoin (BTC) rewards for clients who use Lolli to make purchases. Lolli is an in-browser app that is focused on allowing the users to get cashback in crypto and earn small rewards.

    This new partnership was announced on Singles Day, a Chinese shopping holiday which is similar to Black Friday. As this is a major day for retail in the country, there are many people shopping, so it was the ideal day to launch the new project.

    Aubrey Strobel, the head of communications at Lolli, has recently affirmed that China residents will, unfortunately, not be able to participate. Only Chinese-Americans, foreign students or travelers who are currently in the U. S. will be able to participate as Lolli cannot operate legally in China. Another reason is that all products need to be sent from China to the United States.

    Lolli’s CEO Alex Adelman said that this partnership could be considered a milestone for the company and that Lolli had plans for an international expansion next year. He also noted that this was an important step to connect two important economies via Bitcoin and e-commerce.

    Adelman acknowledged that the opportunity was only available for U. S. residents right now and claimed that the goal was to actually let anyone participate as soon as possible.

    The industry of BTC cashback is growing. Companies such as Fold and SPEDN have also invested in this niche, so Lolli has a fierce competition to beat.

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    Silvia A
    Silvia A
    Though relatively new to the cryptocurrency and blockchain space, Silvia has a strong interest in the field and a love of writing as well. She brings an interesting take to current happenings in the industry and enjoys introducing the latest developments to cryptocurrency and blockchain enthusiasts alike. She’s excited to promote a vibrant and fresh discussion as the industry continues to develop and move forward.

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

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