The Jason Fullmer Business Development Corporation uses Jace as the ideal currency to facilitate its mission: To develop emerging and impoverished economies by forming a portfolio of companies and businesses to lift the global population out of poverty. This will be done by recruiting into the Jace BDC portfolio microcap and ultra-microcap corner and main street shops and necessary businesses in some of the most needy and poor places in the world. As the world has become healthier, more educated, and disease-free, those around the world are in a position to enter the largest factors of economic production: labor and private capital, the backbones of a business, large and small. The vision of Jace is to serve as a borderless transaction of payment that is as cheap as 1000th of a cent with the processing speed of 2-5 seconds. The Jace Wallet will contain a QR payment processing method whereby shops and businesses in any area of human need can scan a shopper’s smart phone or a shopper can scan the QR code of a merchant that stands at the checkout area. The transaction will then be processed from the merchant’s fiat currency into Jace and vice-versa for the consumer. Rural citizens of impoverished countries do not have a bank account or have access to any financial market. Many in these areas use a check cashing or Western Union-type service which costs total up to $120 million for six million transactions. Others have access to a PayPal-type service that decreases that cost to $20 million. Jace, on Stellar, decreases the total transaction cost to just 20 cents. Jace can open those past the reach of the global financial market into a new, abundant life with greater access to life necessities such as healthcare, transportation, food, childcare, education and more.
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