OmiseGo (abbreviated OMG) is an innovative, open-payment platform that is built on the Etherium blockchain. Its main goal is to provide better service for everyone, regardless of what type of banking they prefer. OMG offers better coordination between all parties of the transaction – payment processors, financial gateway and financial institutions. Originating as a startup in 2017 and with an ICO that raised over USD 25 million, turning down over USD 100 million in the process, OMG is available to the public for free. Currently, it’s among the highest ranking cryptocurrencies in the world. OmiseGo’s platform most significant advantage is that, unlike most of the other decentralized platforms, this high-performant distributed network allows a decentralized exchange of other blockchains and between multiple blockchains directly without the necessity of a trusted gateway token. The OmiseGo blockchain provides an easy way for large stakeholders to acquire more tokens by securing the network and putting those same tokens as a stake. It has low fees, lowered transaction times and options for cash out, which makes it very user-friendly and easier to use than most blockchains. In other words, OMG’s blockchain hooks up to other blockchains and allows for trading across them.

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