Lolli To Add Lending Product And Maybe Even Issue Credit Cards
A popular crypto e-commerce platform called Lolli is said to be creating a lending platform. The news was first reported by The Block Crypto, which interviewed the CEO of the company, Alex Adelman, during an episode of The Block’s The Scoop program.
The CEO of the company affirmed that lending was a very important industry and that it was important to understand Bitcoin, too. He affirmed that if the company doesn’t do it, other companies will, so it a matter of doing it first because there is definitely a market for this right now.
According to him, not only a lending platform is in the works, but the company also may be issuing its own credit cards in the future, too.
The idea is to be able to serve some needs which are currently not being met by most of the popular alternatives that people have in the market. However, before Lolli is able to start working with credit cards, there is still much work to be done first.
Lolli Will Have a New Mobile App
Lolli has also recently announced on its Twitter that it is rolling out a new mobile app in order to let its customers access its services from anywhere. The company has promised that the app will be focused on privacy and security, too, so the users can be protected when using it.
The first step for the launch of this app is to increase the number of clients that the company has. There are several initiatives being done to ensure that so that the launch will occur without issues.
yes, we're are building a mobile app and it's going to be incredible
can't wait to share it with you all
STACK SATS EVERYWHERE
— Lolli 🍭 (@trylolli) July 24, 2019
In case you do not know Lolli, the platform allows the company’s users to get BTC rewards. By using the app, the users are said to be able to earn BTC on daily purchases for services such as coffee, food, etc.