PayPal nibbles around the edges of crypto with two new updates-3.85

It emerged this week that PayPal is nibbling around the edges of blockchain and cryptocurrency. The company has introduced an employee blockchain-based rewards system, as first reported by Cheddar, and renewed a partnership to accept cash withdrawals from Coinbase customers in the US.

The employee program was launched by PayPal’s San Jose innovation lab. Introduced in mid-November, the program was developed over 6 months by 25 PayPal employees. Employees earn tokens by participating in innovation-related programs and by generating new ideas. They can then redeem these tokens for “experiences” with PayPal executives. All transactions are recorded on a ledger viewable by employees. Previous programs run by the innovation lab, including voice technology, have later been implemented in PayPal’s core products.

Original source
https://www.theblockcrypto.com/tiny/paypal-nibbles-around-the-edges-of-crypto-with-two-new-updates/

Add comment

Please Sign in to be able to leave comments.