PayPal has announced the launch of a blockchain-based reward system for its employees which can be used within the company for fun experiences.



As per the system, PayPal’s employees who use the reward program receive tokens whenever they participate in any innovation-led programs or contribute any creative ideas. Later, the employees can trade these tokens via public ledger.



Michael Todasco, director of innovation at PayPal, has stated that the token system allows the employees to like, comment, and see the activities going on the website designed for the program. And, the employees can collect the rewards and exchange them for different ‘experiences’ available on the platform. The rewards may include activities such as playing poker with PayPal’s vice presidents, having coffee with the CFO or practicing martial arts with CEO.

