Bitcoin (BTC) Venture Lolli Partners With Retail Giant Nike to Offer Crypto Rewards, Eyes Elon Musk and Tesla

Lolli, an online service that lets users pay for everyday items with Bitcoin (BTC) at more than 750 e-commerce stores, says it’s partnering with Nike. Lolli’s management says its crypto-paying customers will receive BTC rewards when they shop online for shoes, apparel and various other items at Nike.

Users can earn “up to 3%” Bitcoin back when they purchase fitness apparel, Nike sneakers, and equipment through Lolli’s store page.

Lolli says it’s rolling out a holiday deal in order to celebrate the launch of its newest partner.

In addition, the company says it will be giving out 50,000 sats (satoshis), equivalent to 0.00050000 BTC or $3.67 “to everyone who stacks sats at Nike” and posts a screenshot of their confirmation email over the next 72 hours.

Earlier this month, CNBC announced that Lolli made its top 100 startups list.

Lolli, which counts a number of big brands among its Bitcoin rewards network, including Walmart, Postmates, Old Navy and Lululemon, is also eyeing Tesla as a partner. The Lolli team gave a shout-out on Friday to Elon Musk who just announced the company’s new $39,900 Cybertruck pickup.

Mixed martial artist Ben Askren retweeted Lolli’s request asking Musk if he’s down for the Bitcoin partnership.

While the tech entrepreneur recovers from a bumpy product debut, Askren, a Bitcoin bull, says he’s buying a Cybertruck.

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