PayPal launches reward system in tokens

According to Michael Todasco, director of innovation at the company, PayPal launched a blockchain-based rewards system for its employees

The program, launched in mid-November, with a duration of 6 months, was prepared by the PayPal innovation team located in San Jose, California. Workers who participate in the program will earn tokens to participate in innovation programs and contribute ideas.

These tokens are valid only in PayPal and can be exchanged between the participants using a public network. The system can be compared to Venmo, a payment service that has public and private social networks.

On the website of the tokens program, employees can express their “likes”, comment and review the activity related to the novelty that happens within the company.

Similarly, tokens collected by staff can be exchanged for more than 100 experiences available in the application, such as playing poker with PayPal vice presidents, having a coffee or jogging with the CEO and even practicing martial arts with the CEO or taking borrowed a manager’s dog for a day.

L.Sáenz

Source: Coincrispy

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