1 Level
11 Review
5 Karma
Review on OMG Network by Aabha Granit
Omg was created to help unbank the banked with Ethereum. What that means is…
Omg was created to help unbank the banked with Ethereum. What that means is that Omisego is aiming to help answer the fundamental coordination problem amongst payment processors, financial institutions, and their gateways. Currently, in order to send and receive money, merchants and normal vendors have to jump through hoops to get accepted and then wait until money is sent from one merchant to another, which is held on average for 30 days. With Omise, they will be providing a next-generation value transfer service operating across currencies and asset types.
Pros
- Its the major PayPal of Blockchain and a thing of joy to businesses or enterprises that might find activating payment processors on their platforms rigourous while using the well known payment platforms
Cons
- kind of looped at this one. The team are very dedicated and I see no much cons to place here, but I believe their community could atleast be more active towards the project as opposed its position on CMC
