Here Is Why It’s A Good Time To Buy OmiseGO (OMG)
Most cryptocurrency enthusiasts will tell you that if they had a chance to get in on the action while Bitcoin was still valued at a dollar, they would probably buy in and wait. However, at its current price, you would probably pass as it might be too highly priced.
But thankfully, it’s never too late in the world of cryptocurrencies and there more than a thousand coins and tokens that promise great returns as well. One particular coin that is just getting started and is poised to shoot for the moon in 2018 and beyond is OmiseGO(OMG).
Here is why:
It’s a tried and tested company
With up to 4 years of experience in the payment industry, OmiseGO (OMG) is now venturing into the world of Blockchain and cryptocurrency. OmiseGO is a Southeast-Asia based company that is working to create an e-wallet that will allow you to transfer cryptocurrencies and digital assets.
How do you ask? Well, by using an Ethereum-based financial technology OmiseGO is developing a peer-to-peer value exchange platform that enables the mainstream use of digital wallets across organizational silos and past border jurisdictions.
Basically, you will be able to exchange between your Bitcoin, or fiat currency, or even your shopping or airline voucher and also use them to make day to day purchases such as groceries and other daily appliances.
This is particularly a utility for individuals who make cross-border payments and end up paying huge fees while also dealing with uncoordinated payment systems.
OmiseGO supported by the big players in the crypto world
OmiseGO boasts of the support of some of the most influential individuals in the cryptocurrency space. For instance, Vitalik Buterin (a co-founder of Ethereum) posted in a tweet mentioning OMG as his favorite token.
Unlike most cryptocurrencies that depend only on passive income to develop, Buterin mentions that the OmiseGO platform is “legally defensible” and therefore can withstand legal scrutiny.
Considering the intense regulation that has been directed towards cryptocurrencies in the recent past, it is clear that OMG is built to take on any form of future regulations.
The platform is just getting started
That’s right, OmiseGO (OMG) is just getting started and for investors, this couldn’t be a better time to buy.Just a few weeks ago, OMG was priced at $24 per OMG, currently, it’s moving back and forth around the $12 mark according to CoinMarketCap. This presents a discounted price that makes OMG an undervalued asset at the moment.
Apart from the fact that OMG is backed by a tried and tested team of developers, it’s practically a sleeping giant set to go up in price with the new technological advancements and partnerships planned for 2018. Although skeptics will argue that its features are only a concept as the project is still in its development phase, the company’s roadmap is exciting.
In fact, the company signed a partnership with McDonalds Thailand just four months ago in a move that will establish OmiseGO as the provider of easy payment solutions for customers in the entire South East Asia’s fast food market.
This is only one of the developments the company had done so far. Plans are underway to develop and launch a decentralized wallet that will enable cryptocurrency enthusiasts to trade cryptocurrencies from the comfort of their wallet while also enjoying negligible fees and convenience.
Currently, OmiseGO’s pilot programs are targeted at the Asian market. As the company advances, implementing its OMG cryptocurrency as a utility on the platform, it is expected that OMG’s price will rally especially considering that Asia hosts a significant number of crypto enthusiasts.
By un-baking the banked and cutting out the middlemen, there is no doubt that OmiseGO (OMG) will be a first mover in the world of digital payments.