Ticket reseller StubHub has partnered with Bitcoin rewards company Lolli, giving customers the chance to earn up to 6% back on their ticket purchase in the form of Bitcoin.
Customers will be able to earn the rewards through purchasing tickets to sporting events, theatres, concerts and more.
StubHub is not the first company to utilise Bitcoin recently, with AMC Theatres in America announcing that it will be accepting Bitcoin as part of its recovery plan following the Covid-19 pandemic.
Alex Adelman chief executive and co-founder of Lolli said: “We’re thrilled to partner with StubHub and start offering free Bitcoin on millions of ticket sales. Almost everyone in the world loves live music, sports, and theatre and now Lolli users can earn bitcoin when they go do the things they love.
“This partnership is a major milestone for Lolli in expanding our reach into live events and we’re excited to offer even more opportunities for people to earn and own Bitcoin.”
Lolli was founded in 2018 and is available as a browser extension, as well as an app, and allows users to earn back Bitcoin through their purchases. The company also recently raised $10m (£7.28m/€8.49m) in Series A funding, with backing from Animal Capital and YouTuber Logan Paul. There was also recommitment from investors such as co-founder of Reddit Alexis Oahanian’s Seven Seven Six.
StubHub’s head of partnerships Dave Huff said: “StubHub 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.”