Source. Crypto info.com
What is OmiseGo?
The catchphrase of OmiseGo is that they intend to 'Unbank the banked' by providing superior financial services for anyone who wants them, regardless of their wealth. OmiseGo was originally created in 2013 to provide online payment solutions and pivoted into cryptocurrency as the promise of blockchain became real, and OmiseGo now includes Vitalik Buterin and Gavin Wood, cofounders of Ethereum, on its advisory team.
The OmiseGo (OMG) cryptocurrency operates on the Ethereum blockchain and the company are currently working on developing and implementing a 'Plasma infrastructure' that will allow rapid speeds of transactions across the Ethereum network, making the blockchain truly useful for global banking and financial solutions. This means that currency conversions, crediting and debiting of money and remittance can exist on the Ethereum blockchain and even be used by those who don't hold a bank account.
