For those of you who dont know, OmiseGo(OMG) is a ‘universal’ wallet that offers a programming platform to exchange your money whether it is in USD or OMG easily and efficiently. Basically, the coin aims at centralizing online payments.
OmiseGO (OMG) recently signed a partnership with Thailand government that sees to adopt the system to create faster, safer and more efficient payment system. The news caused a 12% spike in the price - a new wake to OMG which expects its price to double by year end.
“Right now my favorite token model is OMG-style staking tokens [because] it is not a medium-of-exchange token, has a clear valuation model and requires running node to get returns, not passive income making it more legally defensible.”
– Vitalik Buterin, creator of Ethereum
It is surely a coin worth checking out. It might well push to $30 as the development of the coin keeps up the good work. What do you think?