The Bitcoin (BTC) reward company, Lolli announced on Monday that it had completed a $ 3 million “Seed II” round of financing led by Pathfinder. and investors like Michelle Phan, Ashton Kutcher and Guy Oseary.
According to the announcement, the funding will help launch and expand the company’s mobile app internationally, with a tentative release date for the summer..
Lolli ensures that the application provides better access to Bitcoin, so that users can earn money from merchants both on the Internet and on their cell phones.
Make Bitcoin “more accessible” through rewards
Talk to Cointelegraph Alex Adelman, CEO and co-founder of Lolli, praised the funding, which also welcomed returning investors such as FJ Labs, Version One and Digital Currency Group.among others and made the following comments:
“We plan to continue our mission to make Bitcoin more accessible to everyone through our website and expansion. The new funding will accelerate the launch of our next mobile app and subsequent international expansion. We hope to see some exciting new ways. so that people can earn and learn Bitcoin. “
Looking at the current cryptocurrency adoption landscape, Adleman sees a “dramatic” surge in Bitcoin acceptance. through rewards.
The CEO also assured that the amount of Bitcoin they granted their users in the first quarter of 2020 is eight times that in the first quarter of 2019.. Adelman claims to have won hundreds of merchants and “tens of thousands” of new users for Bitcoin since its inception.
s who support the application
About Lolli’s application, Michelle Phan said the following:
“When I heard about Lolli, I knew that this was the right platform to make Bitcoin accessible to everyone, and I had to invest in it. I look forward to working with Lolli to educate Bitcoin and make it accessible to the masses . “
Looking ahead, Matt Senter, Lolli’s chief technology officer and co-founder, told Cointelegraph that they would introduce some new features to the expansion and experience of the web.They are also working with the engineering team to expand internationally this year.
Cointelegraph reported in November 2019 that Alibaba has partnered with Lolli so its U.S. buyers can earn 5% on Bitcoin.. However, Alibaba refused to be associated with the reward application.
Days later, Lolli’s CEO denied Alibaba’s refusal to work with them, saying that they have had a relationship through AliExpress since May 2019.