Though OmiseGo is not a popular altcoin, it is one of those digital currencies based on anonymity, and it is ranked in the top 25 regarding market cap.
OMG, which is using a distinct payment option to convectional cryptocurrencies, utilizes the ERC20 protocol and is created by Thai based firm Omise with the aim of providing a decentralization payment solution to regions with limited access to banks. The project mainly targets South East Asia with the aim of dominating the financial platform in the area.
Despite this limitation in its focus to South East Asia, the coin is still a valuable cryptocurrency to hold since the region is one of the densely populated areas in the world. This gives OmiseGo an added advantage to emerge one of the best digital currencies in the world.
However, the quest for adoption does take place overnight, OMG developers are aware of this fact and have come up with various strategies to board on its pursuit.
OmiseGo SDK Wallet
One of the major challenges OMG developers have established is the issue of executing trans-border trades between nations with various regulations. The SDK Wallet was developed to solve this issue by eradicating the restriction of regulators while conducting these transactions.
The OMG SDK Wallet capitalizes on the problems of local e-wallets that do not allow transactions to various wallets. The wallet facilitates mobile-friendly payment wallet.
The Upcoming Launch of OmiseGo Decentralized Exchange
The company is on the verge of launching its decentralized exchange before the year ends. The decentralized exchange is an exciting platform created by the protocol’s developers, and it will allow users to enjoy swapping digital currencies.
The core benefit of this decentralized exchange is that it will eradicate the requirement to pass through centralized crypto exchanges like Binance. This will greatly decline transaction costs while raising the speed and precision of transactions.
OmiseGo’s Collaboration with McDonalds
Any crypto project that wants to thrive and reach more people must participate in a strategic partnership with giant companies. Luckily, OmiseGo is embracing this bare truth.
The project is well known for a reputable alliance with fast food company McDonald in Thailand. McDonald has more than 220 branches in Thailand and OmiseGo has come up with a payment platform solution for the fast food giants.
Besides, OmiseGo has also created a payment platform for the McDelivery application that is mostly used delivery tool for McDonald.
The company has also collaborated with giant financial institutions like SMBC, SBI Investment, Golden Gate Ventures and many more.
Omisego’s Strong Backers
The project is supported by a strong team of experts in various departments coordinated by Jun Hasegawa. These experts team up to contribute a rich pool of knowledge to propel the company forward.
Additionally, the project has hired Ethereum co-founders Vitalik Buterin and Gavin Wood, and Plasma co-founder Joseph Poon in its board of advisers.
This implies that there is much trust in the company from major investors in the crypto world that can only signal the imminent triumph of the project.
Final Thoughts
The OmiseGo project has enough room for improvements concerning the more international appeal. Nevertheless, the project has already demonstrated itself as being stable and capable of achieving its mission as a true decentralized platform.
