I found out about this project last week, though recall seeing their name pop up earlier in the month because of their crowdsale. Since then, I have sold 50% of my shares in other projects, and plan to increase my position greatly next month once I gain more fiat funds. I believe as an investor, OmiseGo (OMG) shows incredible potential, with now being perfect time to invest. I say invest and not trade, as this one is for the medium to long term, and not short.
Omise has been around since 2013. This is not a new company, but rather one with history, core investors (20 million in series A and B prior to their latest crowdsale) and a completely serious established operation and team (70+!). They have offices in Thailand, Japan, Indonesia and Singapore. The company provides a payment management system for businesses to accept payments through their mobile application or online store. They work with AliPay as well for example. They have the PCI DSS 3.2 (Payment Card Industry Data Security Standard) already in place since November last year.
Omise has just recently acquired one of the three largest payment service providers in Thailand, Paysbuy , a licensed by the Bank of Thailand operator of e-money business, and accredited with Trustmark (DBD Verified) by the Ministry of Commerce. This provides a very well established source of active users.OmiseGO is their blockchain project : "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.” . Which to me means that they are taking all that is great in the blockchain technology, and integrating it with their offering, creating a new advanced Omise service.
Other than the lead team working on OmiseGo, the following are all officially advising the project: Vitalik Buterin (ETH lead ), Dr. Gavin Wood (ETH and Parity lead) , Vlad Zamfir (Casper/ETH lead), Joseph Poon (Lightning Net lead) and Roger Ver of bitcoin.com as well as many others, including a professor of Quantitative Finance. Not aware of any other BC project that has such a list of advisors of this caliber.
Jun Hasegawa, Omise’s CEO, revealed just recently that McDonald’s Thailand (over 240 locations), will be using OmiseGo’s payment channel. A big Press release regarding this news has not been released, and is expected super soon! Also quoting Jun “we're launching OmiseGO to support Omise Payments and all existing stakeholders, including our existing and future merchants, such as McDonald's in other countries in Asia - McDonald's Thailand is just the start. Through OmiseGO, all Omise merchants will be able to seamlessly accept payments in multiple currencies, including ETH or BTC or other cryptos, without needing to know what their client is paying in. And any other payment gateways, including Omise's biggest competitors, as well as global giants like Stripe or Cybersource, will benefit from using OmiseGO/OMG, and are welcome, no partnership or permission needed. The OMG chain will be an entirely public and permissionless network, connected to Ethereum.”
Other than investing in OmiseGo business through their OMG token for all the reasons I detailed here, holders of OMG will also generate an extra income, and quoting Jun : “OMG is a token that secures a public permissionless POS network, whose primary use case is to host a decentralised exchange for digital fiat and crypto alike. It is backed by significant mainstream financial firms in Asia who will use it as the backend for existing digital wallets - think Venmo, Google Wallet, WeChat Pay (examples of digital wallets only) - and for hosting digital fiat tokens for their existing merchant payment network. OMG holders can use OMG to validate the network. If they validate a block correctly, they get paid the tx fees from that block (but if they validate incorrectly, they get punished). Like mining but without the need for hardware.
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These are the main reasons why I have invested in Omise and why I feel it is a great opportunity right now with super great timing. OMG only launched last week on the exchanges, and is already available on Bitfinex, (stating that “OmiseGO is an impressive and professional project, which aims to deliver on the initial promises of blockchain technology: to revolutionize the traditional financial world. OmiseGO provides a wallet and payment network for both fiat and crypto currencies.”) as well as on Bttrex, Liqui and EtherDelta,. You can dive in with BTC, ETH and even USD. Price is really nice and low, and at a perfect entry point.
Omise main: https://www.omise.co/
OmiseGo main: https://omg.omise.co
Subreddit: https://www.reddit.com/r/omise_go/
Slack: http://omgslack.omise.co/
Good luck to us all.
They are one of the OGs. Previously just on the niche exchanges, and just getting into bitrex == bullish.
They have been extremely professional so I look to seeing some good returns with their token.
A token which by the way seems to have more utility than most. Although this really needs to wait and see.
yeah agreed. by the way, being up on Bitfinex is much more of a big deal, is a huge exchange, 5th in the world. Long run that will really show its weight.
Great times ahead for Omise!
Sure bitfin is always good. I'd rather not have it pumped though.
@neos
Good Post!
Thanks for sharing.
my pleasure, thank you for your feedback. its still trading super low today with ups and down. I went in at 25, 26 and 27. good luck.
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