- Unbank the banked
OmiseGO enables financial inclusion and interoperability through the public, decentralized OMG network.
The OMG network is a scaling solution for finance on Ethereum, enabling transparent, peer-to-peer transactions in real-time. The decentralized network facilitates self-sovereign financial services across geographies, asset classes and applications.
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One of the most exciting non steem project on the Ethereum blockchian is OmiseGo. OmiseGo is public financial technology exchange which works on Ethereum. This enables us to have transparent transactions and trade throughout our wallet. Its main aim apart from being the most successful exchange platform in the cryptocurrency world is to make sure that all financial payments run smoothly with strong security among all the financial institutions. It makes a unique decentralized exchange for Ethereum with a quest of finding solutions for payment method coordination problems. OmiseGo is an open source platform with a github repository which was lastly updated on Feb 25th, 2019. OmiseGo is a Thailand based company that was founded by Jun Hasegawa and Donnie Harinsut. OmiseGo Is ranked 2nd in the finance Dapp category and 19th in all DApp category at thestateofdapps.com website.
Omisego is here to decentralized the financial sector using blockchain technology and also eradicate third-party with low, affordable fees and and a secure network
The introduction of digital systems over the years did not only transform social media but it also affected business sectors in their world of finance. Business sectors used to use database in the 1970s and they moved to web pages and now mobile apps. It is with this, that blockchain technology seek to create various ways to allow transparency into the financial sectors. They have allowed financial institutions to create direct links between each other, avoiding correspondent banking. One of these decentralized application that is making the financial sector a better place is OmiseGo. It is currently ranked 19th on the state of the dapps and 2nd on the finance category.
OmiseGo is creating a world where people can access financial services without the involvement of a third party at low fees and have their assets stored in a highly-secure network. Think of OmiseGo as a decentralized bank which uses its white-label eWallet to provide bank services to the unbanked populations. Just that OmiseGo is much useful to those using the traditional banking services as it is to the unbanked.
The blockchain has been around for awhile now and it is still very much new and complex to some extent.The main purpose if its existence is to provide income for people and hereby make cryptocurrency another valuable means of investing and earning.In relation to finance, blockchain has so many diverse platform in the sense that you not only trade your tokens alone you can also perform the business of been a lender or secure loans to aid your financial goal. With this venture,lots off dapps are existing to showcase this part of blockchain and today I bring to you OmiseGo.
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