All Cryptos > OmiseGO (OMG)
OmiseGO is a public Ethereum-based financial technology, part of south asian company Omise, founded in 2013, which aims to allow interoperability between closed payment systems such as Paypal, Visa, Alipay, USD, EUR, etc; liberate currently unusable assets such as AirMiles, Gift Cards, Rewards points, allowing them to be spent more easily; and providing bank experience to those without a bank.
Proven and experienced. Omise started in 2013, has offices in Bangkok, Tokyo, Jakarta, and Singapore, transfer money between businesses and individuals, and as of Mar/17 handle ~500 million USD / day
Plasma technology will allow the OMG blockchain to scale to 1,000,000 transactions per second.
Omise has heavily funded ethereum development directly. As a result, both founders of ethereum (Vitalik Buterin and Gavin Woods) are direct consultants for omiseGO.
POW will not be allowed to destroy the earth. OMG's POS system is durable. Also, they are actually trying to better the world. This isn't just a hipster idea it isthe business model of the future.
OmiseGO is a Southeast Asia-based company creating an e-wallet that will make transfer of assets and currencies possible.
It seems a bit ambitious to "unbank the banked". Banks are strongly rooted institutions, and this system would circumvent their services.
A major challenge seems to be getting merchants to accept OmiseGO
The Reddit and Twitter communities seem much smaller and less engaged than, for example, either Ethereum or Neo.
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