Lolli Launches Automatic Bitcoin Cashback for Debit and Credit Card Purchases

According to the company, Lolli’s partnership with Kard lets users link existing Visa or Mastercard cards to earn Bitcoin automatically at participating merchants, expanding rewards access across thousands of offers.

BTC

Summary

Lolli has partnered with commerce media network Kard to launch card-linked Bitcoin cashback for its more than 600,000 users, allowing them to earn Bitcoin automatically on qualifying purchases made with linked Visa or Mastercard cards. The integration adds thousands of merchant offers, including brands such as Dropbox, Hydro Flask, and Stanley 1913, and is described as Lolli’s biggest product upgrade since joining Thesis*. Rewards are deposited into users’ Lolli wallets and can be withdrawn via the Lightning Network or routed into other Thesis* products, including Mezo, which the company says offers a fixed 1% APR. Thesis* said the feature supports its broader goal of building a circular Bitcoin economy in which users earn, borrow against, and spend Bitcoin without liquidating holdings.

Terms & Concepts
  • Bitcoin cashback: A rewards system that gives users a portion of eligible spending back in Bitcoin rather than cash, points, or miles.
  • Lightning Network: A Bitcoin scaling network designed for faster, lower-cost transactions, often used for small payments and transfers.
  • Circular Bitcoin economy: A model in which users earn, hold, borrow against, and spend Bitcoin within connected services instead of selling it for cash.