What is OmiseGo? OmiseGO is a subsidiary of Omise, a leading online payment gateway service provider operating in Southeast Asia. TheShow more [+] OmiseGO blockchain team has been involved in the Ethereum community from its very beginning—starting in 2015, Omise Blockchain Lab began research work focusing primarily on scalability. By the end of 2016, research had expanded into proof-of-stake (PoS) consensus design.
OMG 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, OMG provides a next-generation value transfer service operating across currencies and asset types, and across national borders and corporate ledgers.
Through the OMG network, anyone will be able to conduct real-time, peer-to-peer financial transactions, including but not limited to, payments, remittances, payroll deposit, B2B commerce, supply-chain finance, loyalty program activity, asset management, and other on-demand services in a completely decentralized and inexpensive way, and including highly performance and fully decentralized trading.
OMG offers mainstream end-customers an introduction to the many benefits of blockchain technology—the wallet SDK will make it easy to create dapps that let the end user take advantage of Ethereum’s immense potential without having to leave their comfort zone.
Omise will use the OMG network as the platform for their own payments processing needs, but neither Omise nor OmiseGO will own or control the network.