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OmiseGO is an open payment platform and decentralised exchange issued on the Ethereum, an open-source public blockchain.[1][2][3][4] The primary objective and motto of OmiseGO is to ‘unbank the banked’;[5] to provide decentralised banking services in developing countries and locales which lack traditional banking infrastructure.[3] It is currently the highest market cap ERC20 cryptocurrency token in the world[6]. The project is supported by co-founders of Ethereum: Vitalik Buterin[7] and Gavin Wood. The wallet app is expected to be released in the fourth quarter of 2017.[8] History[edit] Background[edit] OmiseGO offers a solution to the co-ordination problem between payment processors; financial gateways and financial institutions.[9] It enables financial transactions, including “payments, remittances, payroll deposit, B2B commerce, supply-chain finance, loyalty programs, asset management and trading, and other on-demand services.”[10] OmiseGO is a startup by Jun Hasegawa and Donnie Harinsut, the founders of the already operating company Omise, which was founded in 2013, in Bangkok, Thailand.[11] OmiseGO's initial coin offering (ICO) in 2017 raised over USD $25 million[1] and is currently the highest market cap ERC20 cryptocurrency token in the world[6], valued at close to USD $1 billion[2], however this valuation fluctuates due to volatility.[12] OmiseGO's advisors include the co-founders of Ethereum: Vitalik Buterin[7] and Gavin Wood. It also has the endorsement and support of the Bank of Thailand[13] and the Thai Ministry of Finance[14]. OmiseGO was awarded Digital Company of the Year by the Prime Minister of Thailand at Digital Thailand Big Bang 2017.[15] OmiseGO is supported by institutional investors and partnerships including Alipay and McDonald's.[16] Public and Permission-less[edit] The completed network will be freely available to the public and not owned by the parent company Omise. The parent company holds OmiseGO tokens and benefits from network effects. Formalised partnerships are not required to use the network. Blockchain[edit] The OmiseGO blockchain is a decentralised exchange, liquidity provider mechanism, clearinghouse messaging network, and an asset-backed blockchain gateway.[2][3] The OmiseGo blockchain provides an incentive for large holders to gain more tokens by securing the network and putting those tokens at stake. It has low fees, fast transaction times, cash-out options. OmiseGO Wallet[edit] The OmiseGO wallet, more formally known as the OmiseGO White-label Wallet SDK is expected to be launched in the fourth quarter of 2017.[8] The wallet will allow a range of payment solutions which can be easily deployed on the OmiseGO network.[1] It will allow users to exchange fiat money, cryptocurrency, card payments, gift cards, top-ups and credit payments for OmiseGO tokens. Digital wallet providers have the flexibility to enhance, add, and customise payment solutions for different industries and markets. All transactions across digital wallet providers will be conducted on the OmiseGO network.[4] Cryptocurrency exchanges[edit] OmiseGO is actively traded as a currency pair and cryptocurrency pair on international exchanges, including: Exchange Country Currency Pairs and Cryptocurrency pairs Bittrex[17] United States OMG/BTC; OMG/USDT; OMG/ETH Bitfinex[18] United States OMG/USD; OMG/BTC; OMG/ETH Binance China OMG/BTC; OMG/ETH Poloniex[19] United States OMG/BTC; OMG/ETH Liqui Ukraine OMG/BTC; OMG/ETH; OMG/USDT BX Thailand[20] Thailand OMG/THB Kucoin China OMG/BTC; OMG/ETH Mercatox United Kingdom OMG/BTC; OMG/ETH References[edit] ^ a b c Leesa-Nguansuk, Suchit (1 August 2017). "OmiseGo opens up e-wallet payments". Bangkok Post. Retrieved 23 September 2017.  ^ a b c Joshi, Divya (19 September 2017). "These are the trends affecting the cryptocurrency market in 2017". Business Insider UK. Retrieved 23 September 2017.  ^ a b c Rusell, Jon (30 May 2017). "Omise to raise $19M in first cryptocurrency sale from a major VC-backed startup". TechCrunch. Retrieved 23 September 2017.  ^ a b Cuen, Leigh (31 May 2017). "Initial Coin Offerings Go Mainstream: Omise and Kik Announce Cryptocurrency Sales". International Business Times. Retrieved 23 September 2017.  ^ Buntinx, JP (6 August 2017). "What is OmiseGO?". The Merkle. Retrieved 23 September 2017.  ^ a b "Cryptocurrency Market Capitalization". CoinMarketCap. 24 September 2017. Retrieved 24 September 2017.  ^ a b Cuen, Leigh (8 September 2017). "What Vitalik Buterin Says About Initial Coin Offerings". International Business Times. Retrieved 24 September 2017.  ^ a b Lee, Yoolim (31 March 2017). "Payments Startup Omise Joins Wave of Digital-Coin Fundraising". Bloomberg. Retrieved 24 September 2017.  ^ "Analysis of OmiseGo OMG Asset Tokens". Invest Cryptocurrency. Retrieved 24 September 2017.  ^ "OmiseGo". ICO Rating (Rating Agency for ICO Market). Retrieved 24 September 2017.  ^ Allison, Ian (18 September 2017). "Ethereum stalwarts Digix Global and OmiseGO back Japan's GB Blockchain Labs". Retrieved 24 September 2017.  ^ Vigna, Paul (14 August 2017). "Bitcoin Price Jumps Past $4,000" (PDF). Wall Street Journal. Retrieved 24 September 2017.  ^ Young, Joseph (19 September 2017). "Thai Central Bank Meets With Ethereum Co-Founder Vitalik Buterin & OmiseGo". Coin Journal. Retrieved 24 September 2017.  ^ Froelings, Lisa (20 August 2017). "OmiseGo Price Recovers after Support from Thai Ministry of Finance". Coin Telegraph. Retrieved 24 September 2017.  ^ Digital Thailand Big Bang. "Opening Ceremony". Youtube. Retrieved 24 September 2017.  ^ Nation, Jeremy (16 August 2017). "OmiseGo Keeps Community On Pins And Needles". ETHNews. Retrieved 24 September 2017.  ^ "Markets". Bittrex. Retrieved 24 September 2017.  ^ "Bitfinex Data and Charts". Bitfinex. Retrieved 24 September 2017.  ^ "OmiseGO Exchange". Poloniex. Retrieved 24 September 2017.  ^ "Bitcoin Co. Ltd. (Thailand)". bx.in.th. Retrieved 24 September 2017.  External links[edit] Category:2015 software Category:Blockchains Category:Cross-platform software Category:Cryptocurrencies Category:Ethereum