Bitcoin rewards company (BTC) Lolli announced on Monday the closing of a $3 million „seed-II“ financing round, led by Pathfinder and investors such as Michelle Phan, Ashton Kutcher and Guy Oseary.
According to the announcement, the funding will help launch the company’s mobile application and expand it internationally, with a tentative launch date for the summer.
Lolli says the application will enable greater accessibility to and marco polo, interest in dah’s work, would be sold, around the world, $265 million deal, initial volume disappointed critics, february acquisition of liquid m capital, launched last december, a thoughtful response, first filed suit against kik, allowing users to earn from merchants on both the web and mobile.
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Making Bitcoin „more accessible“ through rewards
Speaking to Cointelegraph, Alex Adelman, CEO and co-founder of Lolli, praised the funding, which also welcomed recurring investors such as FJ Labs, Version One and Digital Currency Group, among others, and issued the following comments:
„We plan to continue our mission of making Bitcoin even more accessible to everyone through our website and outreach. With the new funding, we will accelerate the launch of our next mobile application and subsequent international expansion. Expect to see some exciting new ways for people to win and learn about bitcoin.
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As for the current landscape of cryptomone adoption, Adleman said the company is seeing a „dramatic“ increase in Bitcoin adoption through rewards.
The CEO also said that the amount of Bitcoin they have awarded to their users in Q1 2020 is eight times what they distributed in Q1 2019. Since its launch, Adelman says they have attracted hundreds of merchants and „tens of thousands“ of new users to Bitcoin.
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About Lolli’s application, Michelle Phan said the following:
„The moment I heard about Lolli, I knew this was the right platform that would help make Bitcoin accessible to everyone, and I needed to invest in it. I’m delighted to work with Lolli to help educate and bring Bitcoin to the masses.
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Looking ahead, Matt Senter, Lolli’s chief technology officer and co-founder, told Cointelegraph that they would be introducing some new features within the web extension and experience, and that they are working with the engineering team to expand internationally „this year.
Cointelegraph reported in November 2019 that Alibaba has partnered with Lolli, allowing its buyers in the United States to earn 5% in Bitcoin. However, Alibaba denied any association with the bounty application.
Days later, Lolli’s CEO refuted Alibaba’s refusal to partner with them, stating that they have maintained a relationship since May 2019 through AliExpress.