The Future of Payments
OmiseGO isn’t quite like any of the coins in our Coin Index thus far.
For starters, the OmiseGO digital currency and associated blockchain project is an offshoot of an existing company, Omise.
Omise was founded by Jun Hasegawa and Donnie Harinsut in 2013. The company is based in Thailand, with operating bases in Japan, Thailand, and Singapore. Omise is a powerful payment system serving multiple regions in Asia.
Omise’s tech allows vendors to accept payments anywhere, creating a peer-to-peer network for value exchange. You can view its website here.
With this kind of technology already in place, it should come as no surprise that OmiseGO’s blockchain project quickly gathered support from some big names. From the realm of crypto, Gavin Wood and Vitalik Buterin both act as advisors to the OmiseGO project.
Omise has also managed to attract attention from large, established banking institutions. The company has the endorsement of the Thai Ministry of Finance and the Bank of Thailand. Institutional partnerships include Alipay and McDonald’s.
But what is OmiseGO, and how does it relate to the Omise company?
OmiseGO is a decentralized exchange and open payment platform based on Ethereum protocol. OmiseGO launched to the public through an initial coin offering (ICO) in 2017. This initial coin offering raised over $25 million in USD.
Put simply, OmiseGO is a blockchain-based financial tool that can be utilized within traditional financial tools. Through the use of decentralized currency, OmiseGO aims to create a peer-to-peer exchange network within traditional financial landscapes. This kind of tool has more potential than simply connecting individuals. OmiseGO can connect citizens all over the globe, allowing people to exchange money seamlessly and with relatively low fees.
The company wants to provide a scalable platform that allows for instant settlement. Because of the blockchain, it also expects this settlement system to be secure, making it perfect for both big and small transactions.
Vitalik Buterin considers OmiseGO “legally defensible” because of the company's reliance on passive income to fund development.
While OmiseGO has a long way to go, it has the technology and team to make it a big player in the 2018 digital currency market.
If you’re interested in learning more about OmiseGO, you can access the company website here.
You can access the white paper here.
How to Buy OmiseGo
OmiseGO is available on a wide range of exchanges, including Binance, Bitfinex, and Bittrex.
The Token Authority, Copyright © 2019, Angel Publishing LLC. All rights reserved. 111 Market Place #720 Baltimore, MD 21202. For customer service, call (877) 303-4529. The content of this site may not be redistributed without the express written consent of Angel Publishing. Individual editorials, articles and essays appearing on this site may be republished, but only with full attribution of both the author and The Token Authority as well as a link to www.thetokenauthority.com.
No statement or expression of opinion, or any other matter herein, directly or indirectly, is an offer or the solicitation of an offer to buy or sell the securities or financial instruments mentioned. While we believe the sources of information to be reliable, we in no way represent or guarantee the accuracy of the statements made herein. The Token Authority does not provide individual investment counseling, act as an investment advisor, or individually advocate the purchase or sale of any security or investment.
Subscribers should not view this publication as offering personalized legal or investment counseling. Investments recommended in this publication should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company in question. All Investments in Stocks, Options, Bonds, ETFs and Futures may carry a significant risk of loss.