Bitcoin rewards app Lolli has acquired Slice, a browser extension, to integrate Lightning Network technology, enhancing Bitcoin earning capabilities, announced via Lolli's blog.
The acquisition accelerates Lolli's Lightning Network integration, potentially increasing Bitcoin's usability and speed for users, with market reactions yet to be observed.
Lolli Acquires Slice for Lightning Network Integration
Lolli, a major Bitcoin rewards platform, has acquired Slice, a browser extension known for passive Bitcoin earning. This acquisition is aimed at accelerating the adoption of the Lightning Network with enhanced rewards functionality for users.
Key players include Lolli's CEO, Alex Adelman, who has a fintech background, and Slice, whose leadership is less public. The integration focuses on providing seamless Bitcoin rewards through the Lightning Network.
The acquisition promises to make rewards faster and more efficient by utilizing the Lightning Network's capabilities. This move is expected to significantly impact the broader cryptocurrency rewards industry.
While the purchase price is undisclosed, Lolli previously raised $28 million in venture funding. The integration aims to boost both financial innovation and user engagement in crypto rewards.
Lolli's acquisition of Slice reflects a growing trend in Lightning Network adoption among mainstream Bitcoin services. The focus is on expanding off-chain Layer 2 payments and reward settlements, enhancing user experience.
Historical parallels include similar integrations by companies like Fold. Insights suggest potential outcomes include increased Lightning Network adoption, but regulatory impacts remain uncertain, highlighting the evolving nature of crypto rewards ecosystems.
Lolli has acquired Slice, meaning you'll soon earn sats both when you shop and when you browse – all in one place. The best part? Slice's Lightning Network technology will be integrated into Lolli, making rewards faster and more seamless.
Alex Adelman, CEO, Lolli