OmiseGO is a company that has created a financial technology for use in mainstream digital wallets. That technology allows for real-time, peer-to-peer exchanges and payments. It promises to work “agnostically” across jurisdictions and organizational silos, and across both fiat money and decentralized currencies.
The goal of OmiseGO is to enable financial inclusion while disrupting existing financial institutions.
In layman’s terms, OmiseGO wants to make it cheaper to send and receive payments, and cheaper to exchange currencies – whether you’re dealing with fiat currencies or cryptocurrencies.
The goal is to make financial transactions more efficient, disrupt existing financial institutions, and allow the best currencies to rise to the top through a state of perfect competition.
OmiseGO has not yet been launched. However, it’s scheduled for launch later this year. Prior to launch, OmiseGO will release tokens called OmiseGO tokens, or OMG tokens.
OmiseGO is an Ethereum-based payment and exchange platform that plans to revolutionize the world of finance as we know it. It’s a real-time, peer-to-peer value exchange and payment service that allows the best currency to rise to the top. The goal is to enable financial inclusion while disrupting existing institutions.
The OmiseGO network and digital wallet framework is scheduled to launch in Q4 2017. Obviously, the Singapore-based company has ambitious goals. Stay tuned for more information about OmiseGO as the platform continues to roll out over the next few months.