Mar 21, 2018 - 10:39:11 AM UTC
Value and price movement of OMG is different in USD and BTC markets.
Price has moved 12.69% (USD) or 5.60% (BTC) in the last 24h.
Market Cap Rank: 21. of 1000+
OmiseGO trading volume was 44,588,800 USD in the last 24h with circulating supply of 102,042,552 OMG.
OmiseGO (OMG) Price graph
OmiseGO (OMG) price in fiat
About OmiseGO (OMG)
OmiseGO is a public Ethereum-based financial technology for use in mainstream digital wallets, that enables real-time, peer-to-peer value exchange and payment services agnostically across jurisdictions and organizational silos, and across both fiat money and decentralized currencies.
OmiseGO is the answer to a fundamental coordination problem amongst payment processors, gateways and financial institutions. By enabling decentralized exchange at high volume and low cost, Omise GO provides a next-generation value transfer service operating across currencies and asset types, and across national borders and corporate ledgers.
Any user of Omise GO will be able to conduct financial transactions such as payments, remittances, payroll deposit, B2B commerce, loyalty programs, supply-chain finance, asset management and trading, and other services, in a decentralized and inexpensive way.
OmiseGO raised over $20 million from traditional VC investors to develop a decentralized payment platform that it hopes will disrupt the current banking system. The idea is to enable any Omise Go user to share funds through the network without the need for a bank account and without incurring fees or incurring cross-border costs. Beyond peer-to-peer payments, the company plans to sign up retail partners to extend its utility into purchases, and open the system up to other payment players.
The company has sold an initial 65.1 percent of the total float of OMG via this ICO, further five percent of the tokens will automatically be given to anyone who owns Ethereum in what is known as an ‘airdrop‘. The rest will split between funds that will be used to finance OMG/Omise, and an allocation for the team and Omise’s investors.
Founded in 2013, Omise is a venture-backed payments company operating in Thailand, Japan, Singapore, and Indonesia, with rapid expansion plans to neighboring countries across Asia-Pacific.
Omise is a interesting and innovative project that was also featured in Forbes as ‘Fintech Rockstars’