Review on OMG Network by Fanuel PORPORTY
OmiseGo: Banking people excluded from the financial system
OmiseGO is a decentralized payment and exchange platform. Its purpose is to help exchange currency. The company comes from Thailand and was called, when it was created in 2013, Omise.
OmiseGO has great ambitions: the rapid, economical and accessible exchange of currencies but also the installation of a decentralized banking system, which could notably help populations where the penetration rate of bank credit cards is at its lowest. OmiseGO is one of the best-established companies in the crypto world since the online payment systems it has deployed are already used by several thousand people in Southeast Asia. It was only in 2017 that Omise became OmiseGO, taking an interest in what the blockchain had to offer.
Pros
- Very good advisers such as Vitalik Buterin (founder of Ethereum), Gavin Wood (co-founder of Ethereum), Vlad Zamfir (R&D manager at Casper Ethereum Foundation) Julian Zawistowski (economist and founder of the Golem project)
- Efforts are being made to conquer eastern Asia and more particularly the Korean and Japanese markets
- An already active business; A solid team with very big knowledge
Cons
- Strong dependence on the evolution of Ethereum.
- One of the major problems OmiseGO faces, however, is current volatility.
