Lolli, the bitcoin rewards company announced a partnership agreement with Stubhub following the Series A round that raised $ 10,000,000 at the end of July. According to the announcement, users will be able to earn up 6% bitcoin rewards when purchasing tickets for sporting events, concerts, or theater performances.
Lolli, a Bitcoin Rewards Company, partners with Ticket Marketplaces Stubhub
August 15th LolliThe company revealed that it is working with the ticket market Stubhub. The Stubhub Company, an American ticket exchange and resale business, was founded by Eric Baker and Jeff Fluhr in 2000.
Viagogo bought Stubhub just before the outbreak of the Covid-19 pandemic for $ 4.05 Billion. Stubhub announced this week that it will join the more than 1,000 retailers Lolli has linked with. Lolli has partnered extensively with companies like Kroger, Best Buy, and Microsoft.
Dave Huff, Stubhub’s head of partnerships, stated that the company recognizes the impact that transparent and innovative technology have had on live events.
“Stubhub has revolutionized the live events industry by using technology to create transparency, security and choice for side ticket buyers,” Huff said in a statement. “We are committed to continuously innovating to improve the fan experience and are delighted to partner with Lolli to provide our customers with this unique new opportunity in the industry. “
For a while, crypto cashback solutions were a hot trend in the crypto ecosystem. Lolli has partnered up with companies to develop the app.
Alex Adelman, CEO and cofounder of Lolli, stated during the announcement that the company is looking forward to working with Stubhub. He also said that they “will start giving away free bitcoin for millions of ticket sales.”
“Almost everyone in the world loves live music, sports and theater and now Lolli.com users can earn bitcoin when they go to do the things they love,” Adelman explained. “This partnership is a major step for Lolli in expanding our reach to live events and we are delighted to provide even more opportunities for people to earn and own bitcoin,” added the Lolli executive.
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