JobCoin allows the payment of advances on salaries and other items of considerations an employee is entitled to by transferring the appropriate amount of JobCoin on demand of the respective employee, in accordance with the time worked. Companies introducing this system will be rewarded with a complementary Advance Wage Payment System. Since JobCoin that has been distributed to employees will be repaid with their earnings, it is an approachable system to be involved in that will merit both the company and employees in numerous ways.

Job-Coin Payment will provide effortless and speedy payment in offline and online locations around the world. Job-Coin Payment holds a block chain technology that benefits stores by providing cheaper transaction fees and allows a real-time payment system that has been a challenge for cryptocurrency payments. This technology already allows 40 million stores worldwide to practice a real-time payment system while providing low settlement fees for stores.

It is expected for fiat currencies and cryptocurrencies (e.g. Bitcoin etc.) to exchange into JobCoins. It will also accept and convert reward points.

The Advance Wage Payment System is a fully developed automated system which allows the payment of advances on salaries and other items of considerations an employee is entitled to by transferring the appropriate amount of JobCoins on demand of the respective employee, or automatically in accordance with the time worked. Many companies have showed interest in this system that allows employees to receive an advance on their wages which are not yet due and payable, but which are earned because of the period of time already worked.

JobCoin provides effortless money transferring for the two billion people in developing countries that do not hold bank accounts. There are 232million people in the world that are immigrants or overseas workers. Many hold background in developing countries, and struggle paying high fees to send money back home. JobCoin will contribute to cost efficient transfers and relieving these people from expensive fees.

The JobCoin will be issued on the Ethereum blockchain and comply with the ERC-20 standard, and will be freely transferable on the Ethereum platform. Therefore, it is a secure payment means.