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OmiseGO is an Ethereum-based public financial technology for use in mainstream digital portfolios that enables real-time peer-to-peer payment and exchange services to be performed agnostically in jurisdictions and organizational silos and in fiduciary currency and decentralized currencies. Designed to allow for financial inclusion and disrupt existing institutions, access will be made available to all through the OmiseGO network and the digital portfolio structure, starting in the fourth quarter of 2017.
OmiseGo is a very popular payment management platform in Southeast Asia, especially in Thailand.
OmiseGO is the answer to a fundamental problem of coordination between payment processors, gateways and financial institutions. By enabling decentralized exchange in a high-volume, low-cost public block chain, OmiseGO provides a next-generation value transfer service that operates in currencies and asset types. Through the OmiseGO network connected to Ethereum's core network, anyone can conduct financial transactions such as payments, remittances, payroll deposit, B2B trade, supply chain finance, loyalty programs, asset management and trading, and others services, in a completely decentralized and cheap way.
In addition, millions of traditional users in the world's largest growing economies will be able to transition from using fiat money to using decentralized currencies such as ETH, BTC, and others. The OmiseGO network is intrinsically agnostic between fiat and decentralized money: in terms of adoption and use, the system is built for the best currencies to win.