1 Level
9 Review
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Review on OMG Network by Lanre Mathew
Omise and OmiseGO are offering two different products. This sometimes disturbs…
Omise and OmiseGO are offering two different products. This sometimes disturbs why Omise supports OmiseGO and there are many intersections between the two.
Omise was created with an e-payment solution similar to Paypal and Stripe, but focused on the markets of Southeast Asia and Japan. Its purpose was to be able to legally manage credit cards because it is fully compatible with PCI standards while Omisego can be described as the blockchain version of omise.
Pros
- Omise which is the company behind OmiseGo already had a large online payment product, with the OmiseGO version getting a lot of attention from the media and leading partnerships. Two of the project directors are co-founders of Ethereum, Vitalik Buterin and Gavin Wood. If this is not enough, OmiseGO is also endorsed by the Bank of Thailand and the Thai Ministry of Finance.
Cons
- It seems to be limited to Asia only for now which makes it a regional cryptocurrency which will definitely affects it's adoption and value
