Staggering almost 500 million people in South-East Asia are unbanked. This is the result of fragmented cross-border payment infrastructure. OmiseGO is a decentralized exchange (coming along with an e-wallet) that addresses this fundamental coordination problem that enables the transfer of value across currencies, asset types, national borders, and corporate ledgers. Through the OmiseGO network, people will be able to conduct real-time, and peer-to-peer financial transactions (i.e. payments, remittances, payroll deposit, loyalty programs, etc).
OmiseGO is an Ethereum-based blockchain equipped with a decentralized exchange (protocol) and a payment platform (a wallet). OmiseGO works across jurisdictions and organizational silos, and across both fiat money and decentralized currencies. Hence this technology makes it cheaper for people to send and receive payments, and cheaper to exchange currencies – whether you are dealing with fiat currencies or cryptocurrencies.
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