Lolli: An E-Commerce Bet With Major Upside

Lolli: An E-Commerce Bet With Major Upside

A Risk-Free Opportunity to Earn Bitcoin When You Shop Online

It doesn't take more than a trip to your local shopping mall to see vacant stores and empty corridors, what once was filled with chattering patrons and idling teenagers has now become a "zombie mall."

And it's no news that in-store shopping has been rapidly declining for some time now. Last month, teen fast-fashion retail chain, Forever21 filed for bankruptcy and announced the closures of nearly 180 store locations.

In 2019 alone, over 9,000 retail stores have closed their doors and that number is expected to grow in the next decade.

"Zombie Mall" (Photo: J M/Flickr)

Where is the American Consumer Shopping?

Close to two-thirds of Americans say they've bought something online, according to a 2018 NPR/Marist poll. That is 92 percent of America's online shoppers — almost all of them.

In 2015, the average American spent $1,630 online — that number nearly doubled in 2018 at $2,089 per U.S. shopper. Interestingly, the growth in e-commerce spend has increased every year over the past five years.

With still a large percentage of all commerce occurring offline, and people spending more and more each year on e-commerce, it’s possible that the average American could spend upwards of $10,000 annually on e-commerce within five to ten years.

Why Does This Matter?

If you're using Lolli, the rewards application that allows your earn fractions of bitcoin for shopping online at sites like Walmart, Sephora, Priceline, and a rapidly growing list of 750+ retailers, this means the opportunity of investing in the best performing asset of the last decade.

Year-to-Date-Change - Wall Street Journal - May 6, 2019

And since the average ‘bitcoin-back’ reward is seven percent of the total purchase price, Lolli users have the opportunity to make some serious money from their everyday purchases.

Let’s run through some scenarios. For example, if a Lolli user spends…

Not a bad return for the 90 seconds of time it takes to sign-up for Lolli and install a Chrome or Firefox browser extension. And between groceries, travel, experiences, clothing, shoes, and other essential items, reward opportunities are endless.

Lolli’s ‘bitcoin-back’ reward is simply a referral bonus that it shares with its users. Retailers pay Lolli for bringing users to its site and Lolli pays the user for shopping — sending free bitcoin to their Lolli wallet.

But it gets even better when we consider the potential upside of earning bitcoin.

The Upside of Earning Bitcoin

Since Lolli users are rewarded in bitcoin, each user gets the opportunity to benefit from bitcoin's price growth, with almost no downside.

If the bitcoin price drops, the value of your past rewards will too. But when bitcoin rewards are free, the downside risk of losing money doesn’t mean much. This idea of low-risk and high-reward is almost a no-brainer, and the reason why thousands of U.S. shoppers are using this rewards application daily.

It’s the upside of making money with free bitcoin that is exciting! If the bitcoin price rises 10x or even 100x, $700 of free bitcoin each year could become $7,000 or perhaps $70,000 one day.

That’s the best part about earning bitcoin. Because the currency is still so new, today’s bitcoin holders get lots of potential upside, limited downside, and a reasonable possibility of either outcome.

If this all seems too good to be true, go ahead and test out Lolli for yourself.

In the time you’ve spent reading this article, you could have already earned your first bitcoin reward.

Aubrey Strobel

Aubrey Strobel

Aubrey is Head of Communications at Lolli, the leading bitcoin rewards company.

New York, NY