Bitcoin Lolli rewards platform has announced the launch of a mobile app available on iOS devices.
The app gives users the ability to take advantage of Lolli’s “sats-back” e-commerce model, which offers Bitcoin rewards for purchases and major retailers including Microsoft, Kroger and Ulta Beauty. Previously, this was only available through the Lolli web extension.
“The Lolli bitcoin rewards app provides greater access to rewards for mobile shopping and includes premium reward rates, a growing merchant network, referral rewards, the option to view rewards in Bitcoin or satoshis, Daily Stacks, and faster reward confirmation times,” according to a joint press release with Bitcoin Magazine. “Lolli is currently offering up to 30% and average 7% back in Bitcoin rewards, and has already provided over $3.5 million in merchant-funded Bitcoin rewards to its users.”
The release added that “Daily Stacks” refers to a moving in-app loot chest that gives users a chance to win 1 million satoshis (worth around $377 at the time of writing) on a daily basis.
“We believe that everyone should be able to easily earn bitcoin on every purchase on every device, and mobile shopping is just another step toward that goal,” Lolli CTO Matt Senter said in the statement.
“The next stage — those winnings become spenders,” Adelman explained Bitcoin Magazine in 2019. “Once they own bitcoin, they will want to spend it.”