Manage episode 278095299 series 72073
I follow hundreds of crypto companies and experts on Twitter, and a few years ago I came across a Twitter account called @TryLolli.
It was for a startup based in New York that was doing something pretty smart…
They were partnering with the world’s biggest online retailers, and giving shoppers free Bitcoin back, whenever they made a purchase.
So anytime you buy something from BestBuy, Macy’s, Foot Locker, or Sonos for example, you can get back 3-10% of your purchase back in Bitcoin.
Lolli has started to catch on like wild-fire and it became one of the first mass-market use-cases for Bitcoin because savvy shoppers knew that the Bitcoin they were getting back, could literally end up being worth more than the full price they paid for their purchase.
For example, if you purchased $1,000 worth of products using Lolli back in February of 2020, and got back 5% in Bitcoin, you’d have $50 in Bitcoin.
At that time the price of Bitcoin was around $3,500. So you would have received .014 Bitcoin.
Well today, as the price of Bitcoin hits $18,000, the value of the free Bitcoin you received would now be worth $252.
If Bitcoin hits $100,000 in the year to come, that free $50 in Bitcoin you got from Lolli would be worth $1,400.
Using Lolli right now to buy the things you’re already buying, could literally end up covering 100% of the cost of those items within the next 1-2 years.
It’s brilliant, so I jumped on the phone the Founder, Alex Adelman to talk about Lolli, and how he created the business.
He is an extremely savvy entrepreneur, and you’re going to go behind the curtain of the entire rebate industry in a way that you’ve never seen before.
Now before we dive in, I want to let you know that I spent the past week creating a new course called The Beginner’s Guide To Investing In Crypto Assets.
I can tell from the comments I get online that there are still a lot of you out there who would love to invest in Bitcoin or Ethereum, but you just don’t know how, and you aren’t comfortable.
I totally get it, so I wanted to help.Resources: Lolli.com Follow Lolli on Twitter | Instagram | Facebook Music: Song: Whales - Lights [NCS Release] Music provided by NoCopyrightSounds Free Download/Stream: http://ncs.io/WLights Watch: http://youtu.be/BDA_HP0eVAo