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You Can Now Earn Bitcoin Rewards for Postmates Purchases

Postmates has become the latest partner for Lolli's bitcoin rewards service.

By William Foxley
AccessTimeIconAug 21, 2019 at 5:00 p.m. UTC
Updated Sep 13, 2021 at 11:21 a.m. UTC
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Food delivery is about to get a little sweeter for the users of the bitcoin rewards platform Lolli.

The startup announced Wednesday that is has partnered with delivery service Postmates, making the popular app the latest partner for Lolli's rewards program. One of the most popular food services, Postmates mobile app saw 2,094,920 downloads in the last 30 days alone per Crunchbase.

Launched in August 2018 on a seeding round $2.35 million. Lolli has added a range of new partners this summer including national grocery chain Safeway in July and Hotels.com in June. Lolli claims over 750 online retail partners including Walmart and Sephora, among others.

Lolli has said that about 40 percent of its users are new to the cryptocurrency scene.

Speaking with CoinDesk, Lolli co-founder and CEO Alex Adelman says Lolli remains committed to making bitcoin more mainstream.

“This is another step towards the mainstream adoption of bitcoin as Postmates is used daily by people across the US," Adelman said. "One of Lolli's objectives to make bitcoin a part of people's everyday lives. Our partnership with Postmates achieves this."

"Everybody eats and now you don't have to feel guilty about ordering in when you're stacking sats on each order," Adelman added.

UPDATE (22, Month 14:00 UTC): An earlier version of this story incorrectly stated Lolli launched in September 2019.

Editorial credit: David Tonelson / Shutterstock.com

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CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

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