Alibaba’s annual Singles Day has turned into a huge event in China. Headlines today indicate that singles day has delivered a record-setting amount of transactions as sales top a whopping $38 billion. According to Alibaba, $1 billion was settled via Alibaba’s Fintech platform Alipay within one minute and 8 seconds. After one hour, that number topped $12 billion.
In a release, Lolli announced a partnership with Alibaba whereby Lolli users can earn up to 5% Bitcoin back when shopping with Alibaba online.
This partnership is only available to users within the United States – so sorry China.
CEO and Co-founder of Lolli, Alex Adelman stated:
“I’m excited to partner with Alibaba on Singles Day and offer the opportunity to earn bitcoin back to its shoppers. This is a milestone partnership for Lolli as Alibaba is the largest retailer and e-commerce company in the world, launching on Single’s Day, the world’s largest shopping day of the year. 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.”
Lolli has not provided any stats on how much BTC has been distributed as of yet.
