01.09.2021

Dear CROSS (XCR) Holders,

title

Happy New Year to all!

Since the start of the project in 2018, CROSS has been proceeding with the project aiming to build a decentralized value exchange platform.

Please see CROSS NEWS, which was posted at the end of 2020 for the summarized activity report for 2020.


CROSS owns multiple distributed core systems, including Xwallet, which uses its own decentralized wallet technology, to build services using blockchain, and companies that develop services using various blockchains. We provide these services regardless of whether it is paid for or free of charge.

The decentralized value exchange platform that CROSS is aiming for is basically aiming to build a platform that allows you to buy and sell goods with digital assets (cryptographic assets, points, etc.) without using banknotes or currencies.

To be more clear, we are aiming to build a commercial platform like Amazon that uses digital assets.

The decisive difference from Amazon is that CROSS is a decentralized platform.


A decentralized platform is a platform that allows individuals or institutions to use their personal wallets to directly sell products, provide services, and complete direct payments.

When our platform is complete, users will be able to enjoy more free global business transactions and purchase products and services that were previously unavailable with reduced fees.


Commercial User Advantage 1:

In-house payments using digital assets will be possible
In-house payments can be introduced without using credit or bank payments, while global payments can be accepted instantly.

Commercial User Advantage 2:

Business development is possible without being restricted by platformers
While cloud services such as Amazon are convenient, they are susceptible to regulations and restrictions from platform providers (platformers), and have the disadvantage of not being able to conduct business freely.

Commercial User Advantage 3:

Promotions using in-house digital assets is possible
Since payments are made using our own digital assets, we can offer various campaigns for our own digital assets.


User Benefit 1:

You can freely shop and trade globally
Decentralized platforms are a free market where individuals can connect with each other, allowing them to directly approach products and services that were previously difficult to obtain.

User Benefit 2:

Payments made easy
Once you convert fiat currency to digital assets, you can settle transactions instantly even internationally, so there is no need to transfer money.


CROSS believes that as decentralized services evolve, the next Amazon can be created.


Example of a decentralized shopping mall in South Korea

From the first half of 2020, CROSS had partnered with RMT KOREA Co., Ltd to provide a shopping mall that allows payments only with digital assets with ELGORIN Co., Ltd, which develops a membership-based business in South Korea and has developed the RMT MALL.

RMT MALL

RMT MALL
https://open.rmt.market/

With RMT MALL, all payments can be made using ELT POINT (TOKEN) issued by ELGORIN, and all payment form processing can be completed with one system.

As a result, ELGORIN has been able to significantly reduce paperwork costs such as sales management, which has been burdensome till now, and has become possible to significantly reduce settlement fees.

In addition, RMT MALL enables agency management, and even complicated agency management and affiliates can be managed using tokens.


Mechanism of the payment mall using digital assets (points)


Mechanism of the payment mall

In the future, CROSS will promote the generalization of digital asset payments by opening the RMT MALL system for free.

For the CROSS project, we will increase the use cases of the XCR Chain and increase the amount of XCR transactions by developing services in line with the real economy.


Other initiatives will be announced in our NEWS section at a later date.