Five major companies pull-out of the Libra Association

Following Friday’s news of the pull-out of five major companies (Visa, Mastercard, eBay, Stripe, and PayPal) from the Libra Association, please find below Alex Adelman‘s commentary:

Libra Association

geralt / Pixabay

“Libra is one of the best validators of bitcoin to date. There is a clear place in the world for a stablecoin that can connect the world through a digitally native currency in a more efficient way. Facebook already has 2B+ users across IG, WhatsApp, and Messenger without any partners. If Libra has real staying power, it shouldn’t need Visa, Mastercard, eBay, Stripe, or PayPal to succeed.” 

— Alex Adelman, CEO and Co-founder of bitcoin rewards company, Lolli

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About Alex Adelman:

Alex Adelman is the CEO & Co-founder of Lolli, a rewards application that lets people earn bitcoin when they shop online from 750+ top merchants. Alex was previously the CEO & Co-founder of Cosmic, the leading e-commerce gateway, which was acquired by PopSugar in ’15 and then by Ebates in ’17. Alex positioned Cosmic and Lolli as high growth, high value, and industry-leading technology companies, establishing strategic partnerships with key partners in e-commerce. Alex was named to the Forbes 30 Under 30 list for Retail & E-Commerce. His work has been featured on WSJ, Forbes, Fortune, Wired, TechCrunch, Cheddar, MarketWatch, and Digiday and he’s presented at Advertising Week, Fashion Tech Forum, TechCrunch Disrupt, Tech Cocktail, Money 20/20, and Technori. Alex holds a BA in Economics from UNC-Chapel Hill.

About Lolli:

Lolli is the first bitcoin rewards application that allows people to earn and own bitcoin when they shop online. Lolli has partnered with 750+ top brands and merchants including Walmart, Priceline, and Macy’s. Lolli was created with the goal of making it easy to earn, own, and share bitcoin with as many people as possible. The company strongly believes in bitcoin as a global alternative currency and universal store of value and wants to share it with the world. Lolli is currently available on Chrome and Firefox. For more information, visit www.lolli.com.



About the Author

Jacob Wolinsky
Jacob Wolinsky is the founder of ValueWalk.com, a popular value investing and hedge fund focused investment website. Prior to ValueWalk, Jacob was VP of Business Development at SumZero. Prior to SumZero, Jacob worked as an equity analyst first at a micro-cap focused private equity firm, followed by a stint at a smid cap focused research shop. Jacob lives with his wife and four kids in Passaic NJ. - Email: jacob(at)valuewalk.com - Twitter username: JacobWolinsky - Full Disclosure: I do not purchase any equities anymore to avoid even the appearance of a conflict of interest and because at times I may receive grey areas of insider information. I have a few existing holdings from years ago, but I have sold off most of the equities and now only purchase mutual funds and some ETFs. I also own a few grams of Gold and Silver