1 Level
11 Review
5 Karma
Review on OMG Network by Ferenhos Nicki
OmiseGO has been around for some time, and some of the more senior…
OmiseGO has been around for some time, and some of the more senior cryptocurrency users and/or traders might remember OmiseGO as a project that was at some time relatively unknown, but actively promoted on various cryptocurrency-related communities and subreddits. OmiseGO promises an ecosystem through which currencies and other valuables could be exchanged among themselves directly and in a decentralized manner. This all would be supported by the Ethereum blockchain as OmiseGO is an ERC20-token. Ever since the initial hype surrounding OmiseGO a lot has changed in the cryptocurrency sphere.
Pros
- OMG's parent company Omise is an experienced payment processor which is mostly active throughout South-East Asia. As such, parent company Omise is already equipped with a considerably large customer base. In essence, all of the payments currently processed by parent company Omise can instead be enacted on the OmiseGO blockchain
Cons
- much of the long-term success of the OmiseGO platform depends on the OmiseGO team. Not many would deny that the OmiseGO team is doing a fantastic job not only in product development but also in marketing effort. But caution is advisable for the various marketing efforts of OmiseGO not to create unwarranted expectations
