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Holidayers to Be Wooed by Crypto Giveaways, Investors – by Derivatives

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Tim Alper

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Tim Alper

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Tim Alper is a British journalist and features writer who has worked at Cryptonews.com since 2018. He has written for media outlets such as the BBC, the Guardian, and Chosun Ilbo. He has also worked...

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Last updated:

June 26, 2023

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Online Bitcoin reward shopping app Lolli has partnered with travel site Hotels.com – adding to a list of travel partners that already includes hotel groups Hilton and Marriott, as well as sales sites Booking.com, Hotwire, AirBnB rival VRBO and Priceline.

Customers making purchases made via the Lolli app or Chrome extension will receive rewards from partners in the form of Bitcoin payouts. Lolli launched last year, and has won financial backing from the likes of the Digital Currency Group, Forerunner Ventures and Square’s Gokul Rajaram.

Hotels.com claims that it partners with over 325,000 hotels in some 19,000 locations worldwide.

In a company post, Lolli wrote,

“We believe we have an amazing partner in Hotels.com as we look to expand internationally in the coming months.”

Meanwhile, more good news reached the market from the U.S., as the Commodity Futures Trading Commission (CFTC) has apparently given the green light to companies selling derivatives that offer customers cryptocurrencies as payouts.

The CFTC has announced that it has given its approval to Ledger X, a Bitcoin derivatives exchange and clearinghouse, with the latter saying it will begin offering its new derivatives contracts to customers in Singapore and the United States from next month.

The company says it thinks retail investors’ keenness to delve into the cryptocurrency market has sparked the recent surge in token prices. Speaking to Bloomberg, Ledger X CEO Paul Chou said,

“The license will allow retail to directly invest, and they will represent the majority of the market. Retail investors are the ones that drove Bitcoin to this level.”