Former OpenAI Employees Plan to Launch Crypto Payroll Access Platform Volante

It was reported on June 17, as cited by Cointelegraph, that Joey Bertschler, a former OpenAI employee, is developing a cryptocurrency-based instant payroll access system through his startup, Volante Chain. Joey Bertschler stated that part of the impetus for starting his own business was his disappointment with OpenAI's culture. Volante will enable employees to receive their daily wages on the same day instead of having to wait until the end of the month. Bertschler argued that the current payroll system "deprives you of the right to freely manage your money for 30 days," especially for those living paycheck to paycheck. The platform utilizes blockchain technology to ensure seamless record-keeping and ledger verification. Bertschler disclosed that Volante has raised approximately $2 million in funding from private investors, and with this capital, the company expects to be able to operate for five years without the need for additional investment.