Staggering 438 million people in South-East Asia are unbanked. This is the result of fragmented cross-border payment infrastructure. OmiseGO is the decentralized exchange (coming along with e-wallet) that addresses this fundamental coordination problem that enables transfer of value across currencies, asset types, national borders, and corporate ledgers. Through the OmiseGO network people will be able to conduct real-time, peer-to-peer financial transactions (i.e. payments, remittances, payroll deposit, loyalty programs, etc).
OmiseGO is an Ethereum-based blockchain equipped itself with a decentralized exchange (protocol) and a payments 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.