On which platforms can OmiseGO (OMG) be bought and sold?
OMG/USD, OMG/BTC, OMG/ETH
OMG/BTC, OMG/USDT, OMG/ETH
OmiseGO is a decentralized payment and exchange platform. The purpose of the project? Help you to exchange currencies (but also other types of digital assets). The company comes to us from Thailand and was called Omise when it was created in 2013. An important point to know for anyone interested in OmiseGO: Vitalik Buterin and Gavin Wood, the co-founders of Ethereum, are advisory members of the company.
OmiseGO has high ambitions: the rapid, economical and accessible exchange of currencies but also the installation of a decentralised banking system, which could help populations where the penetration rate of bank credit cards is at its lowest.
OmiseGO is one of the most established companies in the cryptographic world, as the online payment systems it has deployed are already being used by several thousand people in Southeast Asia. It was only in 2017 that Omise became OmiseGO, then interested in what the blockchain had to offer.
How it works: for what purposes can OmiseGO (OMG) be purchased?
In practical terms, OmiseGO is used to solve two types of problems: exchanging money and having access to a bank account.
If our Western societies do not have problems opening one or more bank accounts, it should be noted that in many places in the world, many people do not have a bank account. In fact, we are talking about 30% of the world’s population. However, many of these people have access (of varying quality) to the Internet (more often through a telephone than a computer). OmiseGO wants to help these people receive, manage and send currencies through their smartphones.
Then there is the currency exchange. Anyone who has travelled abroad knows how long, expensive and inconvenient it can be to exchange currency. OmiseGO’s ambition? Provide users with a universal, decentralized and free solution for sending money across networks.
Our review: should we buy OmiseGO (OMG)?
What can change the OMG course? First of all, Thailand’s microeconomic conditions, insofar as OmiseGO’s first partnerships are and will be with Thai banks. The same applies to Japan and its banks (OmiseGO also has a presence in Japan). For example, there is Credit Saison, which is the largest credit card company in Japan, which is a partner of OmiseGo. But also TrueMoney, a major electronic payment service in Thailand.
All other things being equal, it is very likely that the OMG price will continue to rise gradually. The use cases for OmiseGO are very real and many people (individuals and professionals alike) could benefit from the solutions it plans to build. To buy if the price is interesting (after a dip for example).