Following the $10 million Series A round at the end of July, the bitcoin rewards company Lolli has announced a partnership with the ticket agency Stubhub. According to the announcement, the partnership will provide users with the ability to earn up to 6% in bitcoin rewards when they purchase tickets to sporting events, concerts, and theatre shows.
Bitcoin Rewards Company Lolli Partners With Ticket Marketplace Stubhub
On August 15, Lolli revealed the company is collaborating with the ticket marketplace Stubhub. The firm Stubhub is a popular American ticket exchange and resale company that was founded in 2000 by Eric Baker and Jeff Fluhr.
Just before the onset of the Covid-19 pandemic, Viagogo acquired Stubhub for $4.05 billion. This week, Stubhub has revealed it is joining the 1,000+ retailers Lolli has established connections with, as Lolli is partnered with a number of notable companies like Kroger, Best Buy, and Microsoft.
Stubhub’s head of partnerships, Dave Huff, said the company recognizes how transparent and innovative technology has transformed live events.
“Stubhub revolutionized the live events industry by using technology to create transparency, security, and choice for secondary ticket buyers,” Huff said in a statement. “We are committed to continually innovating to enhance the fan experience and are excited to partner with Lolli to bring this new and first-of-its-kind in the industry opportunity to our customers.”
Crypto cashback solutions have become a popular trend in the crypto ecosystem for quite some time. Alongside developing the application, Lolli has been partnering with firms to further the business model.
Alex Adelman, the CEO and co-founder of Lolli said during the announcement that the company looked forward to working with Stubhub and to “start offering free bitcoin on millions of ticket sales.”
“Almost everyone in the world loves live music, sports, and theatre and now Lolli.com users can earn bitcoin when they go do the things they love,” Adelman explained. “This partnership is a major milestone for Lolli in expanding our reach into live events and we’re excited to offer even more opportunities for people to earn and own bitcoin,” the Lolli executive added.
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