Grubhub has teamed up with Lolli, a Bitcoin rewards app, to allow hungry customers to earn bitcoin in exchange for their orders.
Additionally, according to a statement released by Lolli on Wednesday, Grubhub customers will be able to earn $1 in Bitcoin (BTC) bonuses every time they use the platform’s extension or app. After earning $15 (about 0.00026 BTC at the current price of $58,458), the money will be available for transfer or storage in a user’s Lolli wallet.
“Bitcoin has to become a part of everyday life,” Alex Adelman, co-founder and CEO of Lolli, declared. “Food delivery is a routine for many individuals, and Bitcoin rewards make Bitcoin part of that ritual”.
Various collaboration by Lolli to provide users with BTC incentives
Lolli, which was founded in 2018, has partnered with over 1,000 retailers. In order to provide users with BTC incentives when they spend online, including large names like Microsoft and Macy’s. Acrew Capital led a $10 million Series A fundraising round for the platform in July. With the goal of expanding its offerings to a larger audience. Seven Seven Six, the venture capital firm co-founded by Reddit executive chair Alexis Ohanian, led a $5 million investment round in March.
Furthermore, Lolli isn’t the first company or platform attempting to serve up crypto adoption with a meal. Customers in the US who spent $5 or more at Burger King in November were able to earn BTC. As well as Ether (ETH), and Dogecoin (DOGE) through Robinhood. Last month, the Bubba Gump Shrimp Business’s parent company, Landry’s Restaurant Group, unveiled a similar promotion. In which guests would receive $25 in BTC for every $250 spent.
At the time of writing, Bitcoin was trading at $58,458. Down more than 15% from its all-time high of $69,000 on November 10. As previously reported, the cryptocurrency has been rejected multiple times at $60,000 after slipping below the crucial barrier in November.