The pace of development of the crypto sector has been nothing short of breathtaking over the past few years, and now, free Bitcoin rewards are even becoming a real thing. In a new development that would come as a massive boost for Bitcoin and the crypto space in general, Chinese e-commerce behemoth Alibaba has now got involved in the space.
The company has created a partnership with Lolli, a shopping rewards app, and by way of that partnership, Alibaba shoppers can claim 5% of their rewards in the form of Bitcoin.
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In clearer terms, Alibaba customers can now get a total of 0.00000001 BTC in the form of rewards while shopping on the platform. In a way, the company is going to give away free Bitcoin to its customers in the form of rewards, and this is a move that could have wide-ranging implications for the wider crypto space.
The Chief Executive Officer and co-founder of Lolli spoke about the landmark partnership with Alibaba. He said, “Our partnership allows our users to earn free bitcoin on millions of products online every day. Arguably the most important piece of this partnership is that it supports our mission of connecting the entire world through commerce.”
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However, it should be noted that this particular rewards program will only be made available to Alibaba customers who are based in the United States. Shoppers on Alibaba who are based out of China will not be able to participate in this new initiative. That being said, an executive at Lolli has stated that the program is going to be expanded considerably next year, and at that time, Alibaba customers from China will also be able to participate. At the end of the day, the Chinese market remains the biggest one for Alibaba, and participation from that market is important for the free Bitcoin rewards program.
Featured image: DepositPhotos © peshkova
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