Currently available in the United States; coming soon in 31 countries in Europe.
Omg Network (OMG)
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The OMG Network was formerly known as OmiseGO, and was renamed in June of 2020. The OMG Network seeks to become the leader in decentralized exchanges, allowing users to transfer assets across borders and payment gateway giants like PayPal and Alipay.
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What is Omg Network (OMG)?
OMG is a white label wallet built on the Ethereum blockchain by a Thai financial services company called Omise, and its primary distinguishing feature is transaction speed. The Ethereum blockchain is limited by its transaction speed, which can vary from 14 to 20 transactions per second. OMG is building on that foundation to create a more scalable solution that can process around 4,000 transactions per second, more than 200 times faster than Ethereum. So while users can still rely on Ethereum for security and establishment, OMG is the boost that improves overall utility.
Omg Network (OMG) Ticker Chart
About Omg Network (OMG)
The OMG Network allows users to transfer coins from one blockchain to another without using a traditional exchange, while also allowing funds to be transferred between blockchains and traditional payment providers like VISA and SWIFT. The OMG Network markets itself as the value transfer layer for any ERC-20 token as an enterprise-ready protocol. The more cryptocurrencies that they can accelerate transactions for, the more likely it is that they will get the attention they seek from larger established payment gateways.
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