What are Cross.Credits?

Cross.Credits are tokens, a virtual currency, which was invented for merchant services on Cross Media properties, including CROSS.TV, Lightcast.com and others.

Cross.Credits (CC) are tethered to the US Dollar permanently by 1:23.95 ($1 equal 23.95 cc). The exchange rate between CC and USD never fluctuates, thus USD being the benchmark currency for conversions to other currencies. This is important because of affiliate partners and clients earning commission and/or revenue but need to pay out in currencies other than the US Dollar. Therefore the CC currency serves as neutral exchange currency which can be converted and paid out in the 5 most important currencies of the world: USD, EUR, GBP, SFR, YEN, AUD.

What are the advantages of a virtual currency?

1. Only payouts can be taxed as soon as converted, and paid out, in the currency of choice.

2. Balances can be carried forward into the next fiscal year for tax advantages.

3. Account holders can pay out to any company, friends, family members, or charities directly.

4. There is no need to wait for a bank transfer at a specific future date. Payouts can be made at any time, in any amount, with instant transfer to any PayPal account. This provides the greatest flexibility possible.

5. The company does not withhold taxes automatically, but provides maximum flexibility and control to the recipient of commissions/revenue.