4 Reasons Why OmiseGo (OMG) Is A Good investment
4 Reasons Why OmiseGo (OMG) Is A Good investment
OmiseGo (OMG) is one of those digital coins that seem to border on obscurity but is actually in the top 25 based on market capitalization making it a valuable blockchain.
Omisego, which utilizes a different payment solution to conventional cryptos, makes use of the ERC20 network and is developed by Thai based company Omise with the goal of bringing decentralized payment solution to areas with limited access to financial institutions. The blockchain primarily targets South East Asia with the aim of becoming a dominant financial platform in the region."4 Reasons Why OmiseGo (OMG) Is A Good investment"
Despite this limitation in its focus to South East Asia, the token it is still a valuable token to hodl as the region is one of the most populated areas in the world. Giving OmiseGo the potential to becoming a leading cryptocurrency in the world with the region a starting base for the coin.
Nevertheless, the quest for adoption does not occur overnight, OmiseGo (OMG) acknowledges this fact and have sought out different ways to embark on its quest.
In this article, we would be highlighting 4 major reasons to HODL the coin.
1.OmiseGO (OMG) SDK wallet
One of the major problems OmiseGo have identified is the problem of performing trans-border transactions between countries with different regulations. The platform has been developed to make this possible removing the restriction of authorities while performing these transactions.
A major part of this move is via the OmiseGo SDK wallet which builds on the limitation of local e-wallets which do not generally permit transactions to different wallets. OmiseGo SDK wallet allows for mobile-friendly payment wallet.
In addition, the blockchain allows firms to develop their version of the wallet to cater for their specific needs. Furthermore, users can make transactions between different wallets as long as they belong to the same SDK protocol.
This helps to bypass the major problem of local wallets as the limitation in transactions is eliminated leading to inter transactions between SDK wallet from different countries. This is especially useful for individuals and business that partake in lots of cross-border transactions.
2.The imminent release of Omisego’s (OMG) decentralized Exchange
Secondly, OmiseGo is on track to release its decentralized exchange in the fourth quarter of 2018 according to the company. The decentralized exchange is an excellent platform developed by the blockchain giants which would let users to actively perform exchange of digital coins.
One major exciting point about this decentralized exchange is that this eliminates the need to pass through centralized platforms such as Binance. Leading to a reduction in the cost of transactions while increasing the speed and accuracy of transactions.
The proposed decentralized exchange is expected to be powered by the plasma networks embedded on the OmiseGo blockchain. OmiseGo also intends to allow users of the blockchain to benefit from the payment platform rendered by the company behind the blockchain Omise.
With this users would be able to transact between crypto and fiat in a secure and enabling platform via the fiat payment gateways.
3.OmiseGo’s Strong partnerships: McDonald's
Every blockchain coin that wants to survive and make bound must engage in strategic partnership with high profile institutions, OmiseGo is not an exception.
The cryptocurrency is mostly known for its high profile partnership with fast food giants McDonald in Thailand. McDonald has over 220 outfits on the country and OmiseGo has developed a payment platform solution for the fast food giants.
In addition, OmiseGo has also developed a payment platform for the McDelivery app which is a popularly used delivery option for McDonald’s in Thailand.
Apart from McDonald's, Omise has signed partnership deals with many top financial organizations in South East Asia. One of which is PaysBuy which is among the top 5 payment platform in Thailand with the company acquiring PaysBuy outrightly increasing its user base.
True money one of the major financial service giants in South East Asia has signed a partnership with the blockchain company which expands its activities in the region. The partnership places more emphasis on online e-payments and transaction process.
OmiseGo is also in partnership with top financial firms such as SMBC, SBI investment, Golden gate ventures, and others.'4 Reasons Why OmiseGo (OMG) Is A Good investment'
4.OmiseGo’s (OMG) Strong Backers
OmiseGo is backed by a reputable team of experts in different fields led by Jun Hasegawa coming together to contribute a large pool of knowledge to move the project forward.
Furthermore, the project has Ethereum co-founders Vitalik Buterin and Gavin Wood as its advisers as well as plasma co-author Joseph Poon
These suggest that there is much belief in the project from major stakeholders in the cryptocurrency space which can only translate to something big coming soon.
4 Reasons Why OmiseGo (OMG) Is A Good investment
Reviewed by mir khaleq ali
on
18:42
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Reviewed by mir khaleq ali
on
18:42
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