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Dec. 9, 2018
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The largest debit e-payments system PayPal has initiated a blockchain-based reward program for its employees, according to cheddar.

The PayPal's employees can earn their own tokens via the company's website and by participating in any other reward-relating programs.

It says the tokens are also tradable between employees with the help of public ledger, though the assets have no value outside of PayPal.

PayPal's Director of Innovation Michael Todasco described the program as a “Venmo-like feed people can like and comment on and see all the activity going on within PayPal related to innovation.”

And it worth noting that blockchain-based reward systems are in a great demand.

Earlier, cryptocurrency fintech company Circle has announced a new product — crypto reward program Circle Invest for its clients.

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