In one phrase: The Western Union Killer
Risk level: medium
Price at time of posting 0.00204329 $07.29
Could make Bank Accounts redundant for a new generation of users. Tall order. I am skeptical. However the have capped the ICO which is a good sign & if they achieve even ten percent of their aims then it could be a game changer.
To achieve disruption in Asia is one thing. To gain momentum that disruption must transfer by offering an attractive model for transfers.
Omise GO is a practical sidechain developed primarily to enhance the value proposition of the existing Omise payment services platform & to further facilitate their use. The ability for many users in developing markets to remit funds across fiat currency pairs held in existing eWallets cannot be overstated
& will eliminate the need for many of these users to ever upgrade to a more comprehensive ‘banking’
platform.
The decentralized OMG chain reduces the existing risk to users of centralized clearinghouses & other
financial services making unilateral & predatory changes to their execution policies that create negative
financial outcomes.
It will also enable substantially greater potential applications for eWallets when users can feel confident they will be able to quickly & effectively transfer value across those applications.
With meaningful market penetration already achieved by the Omise payment platform, the addition of OmiseGO will enhance the existing value proposition by leveraging the organization power of the blockchain, in contrast to most current ICOs that seek to develop & promote a platform from scratch.
Widespread use of this additional functionality could foster valuable returns for OMG holders.
As always, invest at your own risk. These guys are trying to solve some huge problems & the tech is there however the mountain they're seeking to climb is immense.
Verdict: Maybe worth picking up 100 units at good entry position below 4 usd.
amadeus hellequin
