Grubhub users will be able to earn $1 in Bitcoin (BTC) incentives each time they use the platform’s extension or app, according to Lolli’s statement on Wednesday.
Grubhub, a food delivery service, has teamed up with Lolli, a Bitcoin rewards app, to give hungry individuals the chance to earn cryptocurrency for their orders.
Grubhub users will be able to earn $1 in Bitcoin (BTC) incentives each time they use the platform’s extension or app, according to Lolli’s statement on Wednesday. After earning more than $15, or around 0.00026 BTC at the current price of $58,458, the earnings will be accessible for transfer or storage in a user’s Lolli wallet.
“We need to make Bitcoin part of everyday life,” stated Alex Adelman, co-founder and CEO of Lolli. “For many people, food delivery is a ritual, and Bitcoin incentives help to make Bitcoin a part of that ritual.”
BREAKING: We’re excited to announce @Grubhub is now on Lolli! Earn $1 in bitcoin every time you order on Grubhub. This is what bitcoin adoption looks like! https://t.co/b2yK49uO02
— Lolli (@trylolli) December 1, 2021Lolli, which launched in 2018 has partnered with over 1,000 retailers to provide users with BTC incentives while purchasing online, including large names like Microsoft and Macy’s. The platform raised $10 million in a Series A fundraising round headed by Acrew Capital in July, with the goal of expanding its services to a larger audience.
This comes after a $5 million investment round in March from investors including Reddit executive chair Alexis Ohanian’s venture capital firm, Seven Seven Six. Lolli isn’t the first platform or brand name attempting to pair crypto adoption with a meal.
Customers in the United States may earn BTC, ETH, and DOGE through Robinhood after spending $5 or more at Burger King in November. Last month, Landry’s Restaurant Group, which owns the Bubba Gump Shrimp Company, unveiled a similar promotion in which guests could receive $25 in BTC for every $250 spent. Bitcoin awards sparked a buying frenzy among cardholders
