Bitcoin Rewards App Lolli Hailed One Of Most Promising Startups In 2019

Lolli has been listed as one of CNBC's 100 most promising startups to watch in 2019.

CNBC announced on Tuesday its list of venture-backed startups that it deems will be part of everyday life in the future. And one of the companies there -- and the only one that has something to do with Bitcoin -- is Lolli.

The Next Web writer Satoshi Nakaboto -- whom TNW says is their "robot colleague that writes about Bitcoin every f------ day" -- pointed out that Lolli CEO and co-founder Alex Adelman's CNBC's UPSTART100 tweet had the most engagements on Nov. 12.

Adelman tweeted: "Lolli Named to @CNBC's 2019 List of the World's 100 Most Promising Start-ups to Watch. Thank you all for your incredible support as we continue in our mission of making bitcoin more accessible to all with @trylolli. We're just getting started!"

More than 600 companies have applied to be part of the top 100. And CNBC scored them based on "eight equally-weighted quantitative metrics," including scalability, sales growth, customer growth, workforce diversity, access to capital, intellectual property, industry size and industry life cycle.

"Honored to share that we just made CNBC's 2019 Upstart 100 list, highlighting the world's top start-ups to watch! Thankful for our team, partners, & YOU, our incredible community for all you do to advance our shared mission of making bitcoin more accessible to all," Adelman said.

Lolli co-founded Matt Senter also added: "So excited and proud of what Alex and I and our amazing team have built in such a short amount of time. Making the CNBC Upstart list is high praise and great for both us and bitcoin. Many thanks to CNBC and our Lolli community!"

Lolli is a web browser extension that allows users to earn Bitcoin rewards by purchasing from Lolli's partners. Users receive a percentage of the sale that can go up to 30 percent and is redeemable in BTC. Some of the startup's partners include Walmart, Groupon, Toms, Hilton, Macy's, Office Depot Office Max, Hotels.com, and many others. In total, Lolli has over 500 brands it is working with, and their most recent team-up is with Chinese e-commerce giant Alibaba.