OmiseGO and the First-to-Market Potential of Southeast Asia

OmiseGo is a very exciting exchange platform developed through the Ethereum blockchain. This project is an exchange platform which does not use third-party intervention. The purpose of a decentralized exchange is to increase transparency of market activity. This is achieved by using smart contracts, protocol tokens, enforcing correct market behavior of overbook matching, a new construction of Ethereum bonded external enforcement of clearinghouse activity, and commitments to historical exchange data for use with Ethereum smart contracts.  This exchange also serves as a wallet.

One of the most exciting aspects of OmiseGO is the team of developers. Vitalik Buterin of Ethereum is on the executive board, as well as Julian Zawistowski, the founder of Golem. Part of this team conducts research of proof-of-stake networks. This includes addressing issues such as scalability, safety, and privacy.

OmiseGo’s exchange platform is a great opportunity for innovation. An exchange platform which does not require a third party for assistance is a very desirable platform for those looking to trade and exchange their currency. Another feature of OmiseGo, which further legitimizes the project, is their parent company Omise. This corporation was founded in 2013 and has excellent experience in payment processing.

However, the most exciting part of OmiseGo’s future is the market potential. OmiseGo presents a great opportunity for individuals to take control of their own money without third party intervention. OmiseGo will be of great value in the coming future if it can be first to market in many developing nations. OmiseGo is serving countries such as Thailand, Japan, Singapore and Indonesia. This expansion to Southeast and Pacific Asia is critical because many of these individuals are immigrants in need of an easier way to send money back to their families. OmiseGo is a better alternative to modern currency exchanges like Western Union. One of the most staggering realizations is that only 25% of Southeast Asians have a bank account while 75% of those same individuals own a cell phone. OmiseGo is already taking off as a dominant force throughout Southeast Asia and is continuing to move into the Pacific Asian Market.

So far OmiseGo’s price has been rising due to cryptocurrency speculation backed by a sound corporate foundation, association with recognizable names, and a brilliant marketing campaign.

Disclaimer: I am not a financial advisor. This is not financial advice. Please do your research independently and make object decisions. This article is intended to educate readers on the market  potential of OmiseGo. Personality, I have no positions in OmiseGo.