Lolli Launches Wallet Compatibility for Onchain Rewards
The new feature allows Lolli users to connect Coinbase Wallet to directly earn bitcoin rewards from their retail shopping.
New York, NY — October 15, 2024 — The leading bitcoin rewards company, Lolli, today announced the launch of its new feature, Lolli Wallet Connect, which enables users to connect directly to the Lolli app using their Coinbase Wallet. Lolli is a bitcoin rewards application and browser extension that connects to online retailers and allows users to earn rewards on their spending at over 50,000 stores.
Coinbase Wallet users will receive additional bitcoin rewards when they connect their Coinbase Wallet to the Lolli app.
The first-of-its-kind initiative creates a new onchain rewards experience and a powerful new incentive for people to adopt and actively use web3 wallets. Onchain rewards features will include the ability to earn on purchases made with a connected wallet, rewarding users for holding specific digital assets, exclusive reward boosts for users with connected wallets, and seamless transfers to a connected crypto wallet.
CEO and Founder of Lolli, Alex Adelman, said,
We’re excited to integrate wallet connectivity into our product to drive further adoption of bitcoin through rewards. With an ability to now connect their Coinbase Wallet to Lolli, our 600,000+ users can enjoy exclusive features and rewards that will help them learn about and engage with the onchain ecosystem on a deeper level. We look forward to better leveraging Lolli’s rewards technology to bring bitcoin to even more people.”
Users can connect their Coinbase Wallet to Lolli in their Profile tab on the free app for iOS and Android. To claim a Wallet Connect reward from Lolli, users must sign in to Lolli and connect their Coinbase Wallet to receive $1 in bitcoin.
Founded in 2018 by Alex Adelman, Lolli offers up to 30% in bitcoin and cashback rewards to shoppers on all of their everyday purchases at 50,000+ stores. Lolli has onboarded thousands of top merchants and Fortune 500 companies into offering bitcoin rewards and created the easiest way to earn at top stores like Ulta, CVS, Petco, and more.
Bitcoin is the best-performing asset of the last decade, up by over 100% year-over-year. Bitcoin has already seen a milestone year in 2024 which has included the launch of bitcoin ETFs from leading global financial institutions like BlackRock/iShares ($IBIT), Fidelity ($FBTC), Ark 21Shares ($ARK), and Grayscale ($GBTC).
Bitcoin has had continued growth in adoption over time as investors continue to choose bitcoin as a preferred, independent asset that has continuously retained its value. This new initiative will provide even more people with an accessible way to earn and own bitcoin.
Alex Adelman, CEO and Founder of Lolli, is available for interview.
About Lolli Inc:
Lolli is the first bitcoin rewards application that lets people earn bitcoin and cashback when they shop in-store and online at 50,000+ top stores. Lolli was created with the goal of making it easy to earn, own, and share bitcoin with as many people as possible. The company believes in bitcoin as a global alternative currency and universal store of value and wants to share it with the world. Lolli is available on Chrome, Firefox, Edge, and Safari, and the App Store and the Google Play Store. To learn more, please visit lolli.com.
Media Contact: Elena Nisonoff
Email: elena@lolli.com