Lolli, a company that lets online shoppers earn bitcoin in lieu of regular cash-back points, recently announced a new partnership with a major Chinese online commerce entity. Lolli users can now earn up to 5 percent bitcoin when shopping on the site. The announcement was made on Nov. 11 – Singles' Day, a shopping holiday popular among young Chinese consumers.
According to a press release, a major European payments firm has signed a letter of intent with "Bitcoin Suisse, the oldest and largest crypto financial-services company in Switzerland ... to offer cryptocurrency payment services to Swiss merchants and consumers both in-store and in web-shops." In more news from Switzerland, Utrust, a Swiss-based cryptocurrency payment and services platform, announced this week that it was partnering with a United Kingdom-based online travel agency to enable its customers to purchase flights on several major airlines using cryptocurrency.
Earlier this week, Paxos Trust Company introduced Fiat Gateway, a product that allows its users to swap between dollars and stablecoins. Binance, the world's largest cryptocurrency exchange (by trading volume), will be the first to integrate the product. Also this week, Blockchain Venture Capital Inc. (BVCI) launched CUSD, a U.S. dollar-backed stablecoin. The launch comes about four months after BVCI issued a Canadian dollar-backed stablecoin. In a final item of note, the Magnum Real Estate Group recently sold an 11,400-square-foot Manhattan condominium for $15.3 million in bitcoin. The buyer was reportedly a Taiwanese entity, and the transaction was described as a "seamless process." Magnum reportedly sold two units in the same building last year for bitcoin, one worth $875,000 and the other worth $1.48 million.
For more information, please refer to the following links:
- Shopping Giant Alibaba Partners with Lolli on ‘Singles Day’ to Give Bitcoin Back to Users
- Bitcoin Suisse and Worldline to Offer Crypto Payments Acceptance in Switzerland
- Utrust takes to the sky as we welcome Alternative Airlines
- Travel Company Allows Customers to Book Flights With Bitcoin
- Paxos Releases Fiat Gateway Solution and APIs
- CUSD Stablecoin Officially Launches in Canada
- Ben Shaoul uses Bitcoin to sell retail condo for $15M
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