Review on Ormeus Cash by Pedro O. Alvino M.
Transactional currency as a payment system.
The Ormeus cash project, based on the Ethereum network, offers users a mechanism that allows them to avoid market fluctuations and obtain long-term benefits given the design of the native token of the OMC project, where it also you will have strategies for payment systems in real life.
The native asset of the OMC project is backed by assets with a stable transactional price, where the underlying assets are cryptocurrencies such as bitcoin and Ethereum, which act as collateral assets through smart contracts based on Ethereum, this scheme is asset collateralization with fiat currency, however the important detail of the project is the rates that can be used, since this system is used in order to promote payment strategies at a commercial level, which makes it more difficult to use given the costs of network rates .
The project has a great roadmap where it integrates a DAO market, physical debit card and other various financial services based on WTO, without a doubt the project has potential, given that it has a large community, in which the project may have a long-term market impact.
Pros
- Designed as a transactional currency with a cryptographic guarantee.
- Supports the execution of smart contracts for asset backup protocols.
- Offers a commercial payment system without an intermediary.
- You have a virtual wallet with a physical debit card.
- It has a roadmap extended until the end of 2021.
- Contains a large community on its social networks.
Cons
- The platform token is in price stagnation in the market.
- They are not the only ones to offer a decentralized payment system in crypto assets in the market.
