If you are currently contemplating investing in the Crypto world, then it will be highly reasonable to consider a coin that has significance in value, sophistication and popularity. Among the major cryptos in the space, OmiseGo (OMG) seems to come out with limelight and more to show in the future.
The Crypto might soon be getting the interests of several investors largely because of the fact that it brings about decentralized exchange with a payment platform that is backed with real time asset.
Currently in the 30th position in marketcap list of Cryptocurrencies, the coin is rapidly rising into fame, OmiseGo (OMG). When financial and Crypto analysts talk about the coin, it is often given reverence due to the unique nature of the coin.
The coin was created by an Asian based group known as Omise group with the sole aim of providing the people of Asia with a quick and decentralized payment solution.
OmiseGo (OMG) has experienced an unprecedented increase in value in the Crypto world, recently rising with over 17 percent.
Omisego (OMG): The Launch of an App
The first app on the OmiseGo network has recently been launched by Hoard. The app. Which is known as Plasma Dog is a video game with true ownership.
In order to ensure that the game had true ownership, Hoard made use of a decentralised and an outstanding infrastructure on the video game’s backend.
OmiseGo (OMG): Increasing The Rate of Adoption
The target of the coin is to reach out to parts of Asia where mobile banking is less effective and least popular, thus becoming a major player in those areas. It should be noted that the Region of Asia is one of the few parts of the world that are highly receptive to mobile banking with over 30 percent of their financial transactions being carried out with the help of mobile devices.
The platform is aiming at achieving the aforementioned by making its wallet SDK white label. This will allow for the development of payment applications that are more efficient by developers.
Another purpose of the coin is to reduce the transaction costs of exchanges between fiat and Cryptos. These recent developments of OmiseGo (OMG) have made it a rival to Bitcoin when it comes to the rate of adoption.
OmiseGo (OMG): Partnerships
Partnership wise, Omisego (OMG) initiated collaboration with several payment services in order to increase adoption of the coin through payment transaction. And this has come with a lot of benefits. Such advantage can be deduced from ShinhanCard alliance in 2018.
A cross border Proof-of-Concept was showcased by OmiseGo (OMG) in January. The Proof-of-Concept was created to expand ShinCard Loyalty scheme all over the world without compromising interoperability. This is just one of the several developments that is expected to be seen as a result of the partnership.
Is the increase in the value of OmiseGo simply a Bubble or something more? Time will tell.
Omisego (OMG) value is indispensable in the crypto space, it is amongst the very few coins that will make it in the end.
Disclaimer: Do not take so much importance to my opinion when investing, they were deduced from my sentiment, if you think you need the best advice to invest in crypto, contact a specialized market analyst.