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Review on OMG Network by Eze Gold
OmiseGo has done well in the cryptocurrency market and is a very popular…
OmiseGo has done well in the cryptocurrency market and is a very popular altcoin choice. A major show of support from the Thai Government, according to The Coin Telegraph, has helped it come up from some financial issues. Their ties and relationship with powers that be is really something to be reckoned with, and I sincerely applaud the team on that milestone.
Pros
- By employing the use of this technology, OmiseGo aims to provide global banking and financial solutions, which include, but are not limited to currency conversions, crediting and debiting of money, remittance, etc, to not only those who hold a bank account but also those who don’t. OMG technology is based on Ethereum network’s decentralized blockchain technology, designed using the Plasma architecture, which allows rapid speeds, and good security and true financial-industry grade solutions.
Cons
- Banking the unbanked would seem a big task ti accomplish at thiss stage. They are trying ti shake world powers in the banking sector and other financial institutions so they should expect a huge backlash which wouldn't bode well for the project.
