Introduction to Omisego (OMG)
What is OmiseGO?
OmiseGO is the answer to a fundamental coordination problem amongst payment processors, gateways and financial institutions. By enabling decentralized exchange on a public blockchain at high volume and low cost, OmiseGO provides a next-generation value transfer service operating across currencies and asset types. Through the OmiseGO network connected to the Ethereum mainnet, anyone will be able to conduct financial transactions such as payments, remittances, payroll deposit, B2B commerce, supply-chain finance, loyalty programs, asset management and trading, and other on-demand services, in a completely decentralized and inexpensive way. Further, millions of mainstream users in the largest growing economies in the world will be enabled to make the transition from using fiat money to using decentralized currencies such as ETH, BTC, and others. The OmiseGO network is intrinsically agnostic between fiat and decentralized money: as far as adoption and usage go, the system is constructed so that the best currencies will win.
Been following this for a while and it looks really promising , atm its only focused in asia though but it has some really solid creators and they already got a deal with macdonald's thailand , i bought some on bitfinex since its not available on many exchanges atm and you can safely store it on myetherwallet.
I think OMG is a little overpriced at the moment. I saw it fall to the 30 cent range after opening up for around 50 cents the first few days it was trading of Bitfinex.com I ended up buying some just for LOLs but it does have some serious potential. The name needs some re-working
i agree with you but atm its going up every day i got it at 0.60 now its 0.75 and i think it'll go even more when more people get to know it , and i also think they should change the name :)
Meh, I just bought 100 more just cuz you said so :P I have been holding very few cryptos lately and have most of my $$ in USD right now. Waiting to see what happens with this next bump in the BIP road
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