Cash App, the Bitcoin-friendly payment app from US financial services company Square, has teamed up with Grammy-nominated rapper Megan Thee Stallion on a $ 1 million Bitcoin giveaway.
Megan announced the promotional campaign on December 17 via Twitter. The post has received over 60,000 likes and 8,800 retweets at the time of writing. The rapper encouraged her followers to post “#BITCOINMEG” to be part of the giveaway.
The message does not clarify how much BTC each person will receive, saying, “I am giving $ 1 MILLION in Bitcoin to as many hotties as possible”. Numerous comments on Twitter included screenshots of winners stating that they each received 50,000 satoshis (worth about $ 11.40 at the time of writing).
Thanks cashapp and Meg lol I’ll be holding this until my kids are grown up pic.twitter.com/f0VOu1u369
– David Lamar ➐ (@ImDavidLamar) December 17, 2020
It seems that many of Meg’s followers are unaware of the value of the Bitcoin that individual users receive, with replies to her post featuring ultrasound images of unborn babies, links to college application forms, a variety of bad luck stories, and photos of smiling kids. collected by Christmas trees in an attempt to tug at the therapist’s hearts.
A user claimed to have bought a Telsa after misreading that he would receive $ 50,000.
– Luke (@LukeBeVibing) December 18, 2020
Amid cries for help, computer science major ‘William Clememte III’ urged Megan’s followers to hodel their newfound satoshis and statue describing the inflation of Deutsche Mark against gold over the past century alongside the plea:
“Don’t repent! The whole point of this is to increase understanding of bitcoin. Dollars are crap. 30% of all dollars were printed THIS year. On the other hand, the pace of the new supply of BTC with HALF has slowed. Bitcoin will grow exponentially against the dollar because it is scarce. “
The campaign appears to have been largely successful in its goal of driving Bitcoin and Cash App adoption among non-crypto natives – with many Megan fans claiming to have downloaded the Cash App. exclusively to participate in the giveaway, and others who indicate that they do not intend to Research crypto continues after receiving their first satoshis.