BlockWRK chooses Visa to launch the first cryptocurrency card
The compensation programme will improve staff productivity
14.10.2021 - 13:10
141
2 min
0
What's new? BlockWRK has announced in a press release the launching of its blockchain-based application and Visa card. The application rewards employees with a WRK token for completing daily tasks related to health, safety and work efficiency.
What are the advantages of cooperation? BlockWRK users will be able to exchange WRK tokens for US dollars using a Visa debit card in real time or save tokens in their savings account. The application provides employees with financial security through payday advances with a 0% annual interest rate. Users can access $200 from their next paycheck for a flat fee of $5.
What does the CEO say? George Mylonakis, CEO and Founder of BlockWRK said:
“People are the most valuable asset for any company that knows what it’s doing. Our app allows businesses to show workers their appreciation in a fair, honest, and transparent way, with smart contracts issuing instant rewards for meeting clear-cut targets. With this unique Visa card, claiming these rewards is easy and seamless. In future updates, we will expand its core functionality to turn BlockWRK into an innovative all-around HR-management tool.”
What is the application for? BlockWRK has integrated smart contract technology to offer businesses the best solution to reward and motivate employees. The application has a telemedicine function and a free 24-hour mental health support line. The program rewards employees when they perform daily safety checks to minimize workplace injuries.
BlockWRK’s WRK token powers the application’s economy. It is already registered and available for trading on BitMart. Companies interested in joining the ecosystem must add $10 WRK to their monthly balance for each employee and can purchase additional tokens to expand the reward program.
Useful material?
Telegram 
Twitter Politics
Anatoly Aksakov said that only amendments to the draft law on the asset will be considered in early April
Mar 23, 2023
Incidents
The commission’s chair cited the case as an example of the potential risks investors may face when using unregistered securities
Mar 23, 2023
Incidents
The attackers claimed that USDC stablecoin holders would receive a “one-time bonus”
Mar 22, 2023
Mining
According to the firm’s CEO Josh Metnick, Reactor.xyz’s overall goal is to make BTC mining easy and reliable for retail users
Mar 22, 2023
Politics
According to the official, the asset could be used by the central bank as an instrument of financial supervision, which would violate the privacy of citizens
Mar 22, 2023
Politics
The authors of the annual report highlighted the shortcomings of crypto assets, stablecoins, PoW mining, and DeFi
Mar 22, 2023
Cryptocurrency rates
-
Bitcoin
$27 610
BTC
-4.49%
-
Ethereum
$1 762.98
ETH
-3.66%
-
Ripple
$0.44
XRP
-2.7%
-
Cardano
$0.37
ADA
-2.45%
-
Dogecoin
$0.08
DOGE
+1.18%
-
Polkadot
$6.17
DOT
-3.62%
-
Litecoin
$90.35
LTC
+10.2%
-
Solana
$10.15
SOL
-9.47%
-
Monero
$153.22
XMR
-0.19%
-
Bitcoin-cash
$127.53
BCH
-5.39%