Users can create a Lolli.com account and then click through the portal to one of hundreds of online stores to shop. The browser takes you to a confirmation page before the store’s page confirming you are eligible for cash back in Bitcoin. Then you shop and receive email confirmation of the Bitcoin you earned while it also shows up in your account. They have home goods, apparel, groceries and food, furnihsings, several travel booking options, plus more. No word yet on adding any other crypto assets to the platform such as Tezos.
Lolli.com is one of, if perhaps not the strongest direct supporter of Bitcoin in the ecosystem. While Silicon Valley “experts” and self proclaimed “crypto thought leaders” endlessly bicker into echo chambers debating whether Bitcoin is a Store of Value versus a Medium Of Exchange now or at some future point, Lolli.com is simply providing something that is very useful. As Bitcoin continues to gain momentum and build, Lolli provides an outlet for extra FOMO if we are TBH. If someone wishes they could buy more Bitcoin they could alleviate some of that HIFW not having enough by earning BTC while shopping for every day items.
Common sense would dictate that rational economic actors would in fact be more inclined to store wealth in Bitcoin rather than spend it if they perceived Bitcoin would increase their purchasing power in the future. If so, Lolli.com’s idea is brilliant. Stacking sats all the way to personal financial health. To learn more about how the system MUST create “new money” that destroys your purchasing power (thus making Bitcoin more valuable), check out our piece on How Banks Create Money.
Click below to learn more about Lolli and start earning Bitcoin and stacking sats when you shop online.
New to Bitcoin? Check out our post here: What Is Bitcoin?
Things To Do: https://www.seatsforeveryone.com/blog