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Lolli Review 2024: Is This New Shopping App Worth It?
In the world of online shopping rewards, Lolli has emerged as a unique player, offering Bitcoin cashback instead of traditional points or cash rewards. But is it the best option for savvy shoppers in 2024? Let's dive into what Lolli offers and how it compares to other options.
What is Lolli?
Lolli is a Bitcoin and cash back rewards platform that works as a browser extension and mobile app. Founded in 2018 by Alex Adelman and Matt Senter, Lolli allows users to earn rewards when shopping at over 25,000 partner stores. It's designed to make earning Bitcoin accessible to everyday shoppers.
How Much Does Lolli Cost?
Lolli is free to use. The company makes money through affiliate partnerships with retailers, sharing a portion of their commission with users in the form of Bitcoin rewards.
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Key Features of Lolli
- Bitcoin Rewards: Earn Bitcoin instead of traditional cash back
- Wide Partner Network: Shop at 25,000+ stores
- In-store and Online Rewards: Earn through the app or browser extension
- No Bitcoin Wallet Required: Lolli stores your rewards until you're ready to withdraw
- Multiple Redemption Options: Transfer to a Bitcoin wallet or cash out to a US bank account
While these features sound promising, there are some limitations to consider. For instance, Lolli's value fluctuates with Bitcoin prices, and it's currently limited to US users. This is where alternatives like Kudos, our favorite free shopping extension, come into play, offering more stable and versatile rewards.
Lolli vs. Kudos
Let's compare Lolli with Kudos, a free AI-powered smart wallet app:
- Reward Type:
- Lolli focuses on Bitcoin rewards
- Kudos optimizes credit card rewards across all purchases
- Versatility:
- Lolli works with 25,000+ stores
- Kudos works with over 15,000 sites and focuses on maximizing existing credit card benefits
- Value Proposition:
- Lolli's value fluctuates with Bitcoin prices
- Kudos offers consistent value through credit card reward optimization
- Additional Benefits:
- Lolli is primarily a rewards platform
- Kudos offers features like card recommendation and signup bonus information
Final Verdict: Kudos Offers Superior Value
While Lolli provides an innovative way to earn Bitcoin, its value proposition may not be ideal for all shoppers. Those interested in cryptocurrency might find it appealing, but users looking for more consistent rewards and broader benefits might prefer alternatives like Kudos.
Kudos offers:
- Optimization of existing credit card rewards
- Automatic application to all eligible purchases
- Consistent value not tied to cryptocurrency fluctuations
- Additional features like card recommendations and signup bonus information
Key Takeaways
- Lolli offers Bitcoin rewards for shopping at 25,000+ stores
- Founded by Alex Adelman, aiming to make Bitcoin more accessible
- Free to use, available as a browser extension and mobile app
- May appeal to cryptocurrency enthusiasts
- Consider alternatives like Kudos for more versatile reward optimization
In conclusion, while Lolli offers an innovative approach to earning Bitcoin through shopping, it may not be the best fit for all users. Consider your priorities and explore alternatives like Kudos that focus on maximizing overall shopping rewards and credit card benefits for a potentially more valuable and versatile experience — and for a limited time only, sign-up for Kudos with code "GET20" to get $20.00 back after your first eligible purchase!
Lolli Extension FAQ
Is Lolli safe to use?
Yes, Lolli uses advanced security measures to protect user data and funds. However, as with any financial app, use caution and follow best practices for online security.
How does Lolli make money?
Lolli earns commissions from partner stores when users make purchases. They then share a portion of these commissions with users as Bitcoin rewards.
Can I use Lolli outside the US?
Currently, Lolli is only available to US users. They have mentioned plans for international expansion in the future.
How long does it take to receive rewards from Lolli?
Rewards typically appear in your Lolli account within 7-14 days but may take up to 90 days to be confirmed, depending on the store's policies.
Who is the founder of Lolli?
Lolli was co-founded by Alex Adelman, who serves as the CEO. Adelman is a serial entrepreneur with a background in e-commerce, previously co-founding and selling Cosmic to PopSugar. He was named to Forbes 30 Under 30 list in Retail & E-commerce.
Is there a better alternative to Lolli for maximizing shopping rewards?
While Lolli is unique in offering Bitcoin rewards, apps like Kudos provide more comprehensive benefits by optimizing your existing credit card rewards across a wide range of purchases.
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Editorial Disclosure: Opinions expressed here are those of Kudos alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.
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