Stubhub buys into Bitcoin with Lolli tie up

US startup Lolli has announced a partnership with ticket marketplace StubHub.

This gives people the ability to earn up to 6% Bitcoin back on tickets for the likes of sporting events, theatre, and concerts.

StubHub joins 1,000+ other retailers offering Bitcoin rewards with Lolli, including Microsoft, Sephora, Kroger, and Best Buy.

Alex Adelman, CEO and Co-founder, Lolli, says: “This partnership is a major milestone for us in expanding our reach into live events and we’re excited to offer even more opportunities for people to earn and own Bitcoin.”

Dave Huff, Head of Partnerships at StubHub, comments: “We revolutionised the live events industry by using technology to create transparency, security, and choice for secondary ticket buyers.”

“We are committed to continually innovating to enhance the fan experience and are excited to partner with Lolli to bring this new and first of its kind in the industry opportunity to our customers.”

BREAKING: Excited to announce that @StubHub is now LIVE on https://t.co/rGJV9bI42g! 🚀

Earn free bitcoin on tickets to millions of live events including sports, concerts, and theater.

Full release:https://t.co/qCQO1eytGR
— Lolli 🍭 (@trylolli) August 25, 2021

Funding round

Lolli recently raised $10 million in a Series A funding round led by Acrew Capital.

Banana Capital, Up North Management, and Animal Capital, the Gen Z focused venture capital fund founded by social media big hitters Josh Richards, Griffin Johnson, and Noah Beck, also participated.

The round also included investments from influencers and entrepreneurs such as Logan Paul, Chantel Jeffries, Lauren Riihimaki of LaurDIY, Kenny Beecham, and Baron Davis.

Lolli, which was founded in 2018, is using the cash to expand the company and develop its recently launched mobile app.

Co-founder and Managing Partner at Acrew Capital, Lauren Kolodny said: “Lolli is democratising access to Bitcoin in a way that is truly revolutionary.”

“We’re excited to support the company in its mission to make Bitcoin as widely accessible as possible – with rewards as its initial seamless path to consumer adoption.”

“This low barrier and low risk point of entry makes Bitcoin adoption much more accessible to a broader demographic of people."