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All Cryptos > OmiseGO (OMG)

OmiseGO (OMG)

#3

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.


OmiseGO (OMG) Pros | 8

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

Agree | 13
Disagree | 0
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Plasma technology will allow the OMG blockchain to scale to 1,000,000 transactions per second.

Agree | 12
Disagree | 0
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Omise has heavily funded ethereum development directly. As a result, both founders of ethereum (Vitalik Buterin and Gavin Woods) are direct consultants for omiseGO.

Agree | 12
Disagree | 0
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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.

Agree | 10
Disagree | 0
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OmiseGO is a Southeast Asia-based company creating an e-wallet that will make transfer of assets and currencies possible.

Agree | 9
Disagree | 1
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OmiseGO (OMG) Cons | 3

It seems a bit ambitious to "unbank the banked". Banks are strongly rooted institutions, and this system would circumvent their services.

Agree | 7
Disagree | 11
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A major challenge seems to be getting merchants to accept OmiseGO

Agree | 4
Disagree | 16
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The Reddit and Twitter communities seem much smaller and less engaged than, for example, either Ethereum or Neo.

Agree | 4
Disagree | 16
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