Shopping is a pastime that has evolved together with other leisures. Before, users had to wait in grueling lines for hours just to bag their items home. Wait for a couple more years and desktop shopping will also be out of style.
Even now, smartphones have become the new “in”. Business Insider noted that 1 out of 3 shoppers have made at least 1 purchase on mobile in the last 6 months, while 2 out of 3 shoppers use at least one smart device to research and purchase while shopping. In acknowledgment of this emerging trend, ABBC is taking it one step further — we are changing the landscape through the introduction of crypto shopping.
Along with the upcoming Buyaladdin launch, there are also other best-selling endeavors being initiated by many startups and companies to stay on top of their game.
Bitcoin as Shopping Rewards
One innovative project is Lolli, an online shopping app that rewards users with crypto rebates whenever they check out. According to the website, shoppers can gain up to 30% in bitcoin rewards. It has partnered with over 750 retail companies including Walmart, Hotels.com, Groupon, Priceline, Macy’s, and Gap, to name a few.
In an interview with Yahoo Finance, Lolli CEO Alex Adelman explained that the average Lolli user has earned about $26 in bitcoin so far. The rewards each purchaser gets are calculated within a couple of minutes to a few days. However, the rebate comes through from 30 to 90 days as Lolli needs to wait until the return period is reached.
As of the moment, Lolli is a browser add-on app that is available for download via Google Chrome, Mozilla Firefox, and Safari. Whenever a user visits a Lolli-affiliated website, the app provides a notification so that the user may be encouraged to purchase. The bitcoin rewards are stored in the app’s cold wallet, thereby making sure that the users’ rewards are kept safe until they are sent to their crypto wallets. Even though crypto shopping is still not possible with Lolli’s current setup, it is providing unique solutions for achieving mass crypto adoption.
Crypto Shopping With Buyaladdin
Lolli has opened up a fun way to empower cryptocurrencies to achieve mass adoption, as Adelman believes that the first step to do so is to let the people earn cryptocurrencies before they spend it. Believing Adelman’s hypothesis, we can assume that after people have earned cryptocurrencies, the next step is to spend.
For that, we have Buyaladdin
A project which encapsulates the ABBC Foundation’s vision of a full-fledged crypto shopping, experience for the world. This shopping platform allows the purchase of products from global retailers through cryptocurrency.
Buyaladdin integrates over 50 of the biggest e-commerce names into one platform, allowing the users to access the hottest deals from all around the world right at the tip of their fingers.
Interestingly, some retailers that have partnered with Lolli are also integrated on the Buyaladdin app. This immediately presents a solution to Lolli users because through Buyaladdin, they will now have a convenient way to use their crypto rewards to buy more items from their favorite retailers.
This way, the crypto rewards they will be receiving from their purchases will not stagnate in their Lolli account. Instead, these will circulate throughout the crypto e-commerce ecosystem, thereby realizing our goal of streamlining shopping and online payments.
Buyaladdin is currently in its alpha testing phase and will undergo its beta testing in September. Once both testing phases have been successful, Buyaladdin will be made available to the public.
Watch out for Buyaladdin! Follow ABBC’s official social media accounts to know the latest updates about this project.