Alibaba partners with Lolli to allow consumers to earn free Bitcoin

Chinese e-commerce giant Alibaba has announced a partnership with the Bitcoin rewards app company Lolli, allowing shoppers to earn a 5% Bitcoin rebate.

According to a report on November 11, Lolli officials stated that there are currently thousands of products available for online shopping, and Alibaba customers can now earn bitcoin in Satoshis, valued at 0.00000001 BTC.

This partnership was announced on November 11 during China's shopping holiday Singles' Day, which is considered the world's largest one-day shopping event. According to Lolli, Alibaba shoppers spent over $31 billion on Singles' Day in 2018.

Lolli's CEO, Alex Adelman, emphasized that this collaboration with Alibaba, the world's largest retailer and e-commerce company, is a milestone for Lolli. He stated:

Our partnership allows our users to earn bitcoin for free on millions of products online every day. The most important part of this partnership is that it supports our mission to connect the entire world through commerce.

Unfortunately, at present, only customers in the United States can make purchases and receive bitcoin rewards. However, Adelman highlighted in the report that the company plans to expand globally in 2020 and emphasized that this partnership is an important step in bridging commerce between the United States and China through bitcoin and business connections.

Ant Financial Begins Commercial Blockchain

Ant Financial, the financial technology division of Alibaba Group, has initiated the testing phase of its blockchain network aimed at supporting small and medium-sized enterprises.

The Ant Blockchain Open Alliance aims to reduce costs and expand the service scope of various industries such as finance and healthcare to broaden its user base. The company announced the project in September and has since been adding partners to the alliance. It is also working on other blockchain projects, including a food tracking application and a system in partnership with Bayer to monitor agricultural products.

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