What is OMG
OmiseGO is a subsidiary of Omise, a respected online payment gateway supplier operating in Southeast Asia. The OmiseGO blockchain team has been working among the Ethereum community from its very beginning—starting in 2015. Omise Blockchain Lab began research work focusing on scalability. By the conclusion of 2016, research had expanded into proof-of-stake consensus design. OMG is the solution to a fundamental coordination problem amongst payment processors, gateways and financial institutions. By enabling decentralized inexpensive exchange at high volumes, OMG supplies a next-generation value transfer service operating across currencies, asset types, national borders and corporate ledgers.Through the OMG network, anyone will have a way to conduct real-time, peer-to-peer financial transactions, including payments, remittances, payroll deposit, asset management, loyalty program activity, supply-chain finance, B2B commerce, and other on-demand services in a completely decentralized and inexpensive way. OMG offers mainstream customers an introduction to the numerous advantages of blockchain technology—the wallet SDK can make it easy to generate dapps that let the conclusion user make the most of Ethereum's immense potential and never having to leave their comfort zone. Omise will utilize the OMG network for payments processing needs, but neither Omise nor OmiseGO will own or control the network.
