Online payment platform PayPal enters blockchain by launching an employee incentive program. For now, the blockchain-based initiative will remain internally.
The incentive program is the result of six months of work by a 25-man team. All the work was done in-house and was launched in November.
Director of Innovation Michael Todasco revealed the existence of the blockchain incentive program to Cheddar, saying that their employees can earn and access their tokens via its website. Again, this all stays internally, so the website is only accessible by employees. Basically, the tokens will not be worth anything outside of the company. Employees will, however, be able to trade tokens with each other.
PayPal’s stand against integrating Bitcoin is well-known, but this foray into blockchain –