Alibaba Denies Crypto Partnership
Lolli is a Bitcoin Rewards Company that offers people bitcoin as a form of cashback when users purchase things online using Credit cards and Debit Cards.
Lolli has been gaining significant attention over the past few months .
Recently Lolli had announced that they had partnered with the AMAZON of China, Alibaba.
This created a lot of hype and buzz around Lolli but soon after this announcement came, Alibaba denied it's partnership with the company.
It was said that Lolli had a affiliate partnership with Alibaba that enables users to get up to 5% cashback.
But a representative of Alibaba said that Lolli didn't have any partnership with Alibaba.
In reply to this , The Founder of Lolli said that what Alibaba had said was unfair .
He said,
"We’ve been partnered with Alibaba Group since May. We have driven AliExpress significant revenue and distributed bitcoin rewards to our users.”
Alibaba has also said that it is not a fan of Bitcoin and other Cryptocurrencies.
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