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Here’s Why We Think There’s Plenty More Run Room For OmiseGO (OMG)

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OmiseGO (OMG) broke a $1 billion market capitalization yesterday. The coin is one that has garnered an incredible amount of attention over the last couple of months is almost certain to be on the radar of most reading – especially those familiar with the initial coin offering (ICO) space.

Early morning on Thursday, however, OMG has taken a bit of a hit, currently trading for just shy of $9 a piece and off highs of $10.51 overnight.

OmiseGo Chart

OmiseGo Chart

The correction is likely nothing more than shorter-term operators pulling profits off the table and, if this the case, it might be a nice opportunity to pick up some coins ahead of a return to the $1 billion capitalization first breached last night.

So, is this the case?

One thing is for sure, OmiseGO has an awful lot going for it. The company is, in its own words, trying to ‘Unbank the Banked’ and it’s trying to do so using the Ethereum platform and the smart contract capability platform affords applications built upon it. It’s also got Vitalik Buterin, the guy who designed and built Ethereum, as an advisor. That’s a strong associative validation.

So what exactly is OmiseGO?

At core, it’s a platform that allows retailers to accept practically any sort of payment method, be that centralized or decentralized, through a frictionless gateway. That sounds pretty jargony but when you break it down it’s really not. Decentralized payment methods are things like bitcoin, Litecoin, etc. Centralized payment methods are things like PayPal and Skrill.

Right now, for a merchant in one country to accept either a centralized or a decentralized payment from a customer that is a resident of another country, there is a large number of parties that have to interact with one another in order to ensure things run smoothly. The higher the number of parties involved in the transaction, the higher the chance that something’s going to go wrong.

With its proprietary platform, OmiseGO is trying to change this.

The idea is that the frictionless element of the transaction derives from the platform’s ability to harness smart contracts so as to ensure that everything happens seamlessly and without the necessity for intervention by a third party manual actor.

All this is great but for this idea to takeoff, is going to need some pretty large scale enterprise adoption which, as many companies have found in this space, is hard to come by.

Many companies, that is, other than OmiseGO.

The company’s platform currently allows merchants to accept payments through ALIPAY, which is one of China’s most popular online payment methods and gives merchants access to over 450 million registered Chinese consumers.

Further, there’s a trial run in place (and active right now) with none other than McDonald’s Corporation (NYSE:MCD). That’s right, the McDonald’s corporation has partnered with OmiseGO across more than 200 of its branches in Thailand to test out the payment processing facility. Specifically, the Omise platform has been chosen by McDonald’s Thailand to be its exclusive payments gateway for its website, www.mcdonalds.co.th and the McDelivery Thailand mobile app.

That’s an incredible validation for a company of this size and of this age and its the sentiment surrounding this partnership (as well as a number of other operational milestones being hit) that has driven the company’s representative coin towards its $1 billion market capitalization right now.

So where does the OMG coin come into all this?

OMG will be used to state the network and, by proxy, to process transactions in the space. As such, the more transactions that take place over the Omise network, the higher the demand for OMG and, in turn, the higher the tokens valuation.

That’s why this one’s running right now and that’s why the current correction could be a great opportunity to get in ahead of some real upside long term.

We will be updating our subscribers as soon as we know more. For the latest on OMG, sign up below!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.

Image courtesy of OmiseGo

Chart courtesy of CoinMarketCap

Bitcoin

Is Bitcoin Esport Betting the next big thing in BTC Casinos?

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Bitcoin Casinos

Ever since the creation of the first sport games, people started enjoying the betting process. As the sports grew more popular around the world, so did the betting community and other than the physical betting shops, online sportsbooks have also started to emerge. Around 5 years ago the crypto gambling industry also made strides to join the fun and Bitcoin Casino started pouring its resources into providing proper sportsbook experience for their communities of players. For several years the things were steady and the concept of Bitcoin Betting was growing exponentially. Although recent events have significantly halted the progress of sports and betting, the new alternative started gaining traction in the gambling world, and that alternative was the Esport Betting. 

How did Esport Betting become so popular?

The beginning of 2020 was unprecedented for the history of mankind and all the global business, including the gambling industry. In the month of March, most of the sports stopped because of the ongoing global Covid-19 pandemic and betting services witnessed huge losses. That’s where the Bitcoin Casino industry found a viable alternative in the virtual sport segment. Because of that, Esport Betting has become increasingly more popular and the biggest BTC Casinos started providing a huge selection of tournaments in their sportsbook section.

How to participate in Esport Betting?

Esport Betting is basically the same process as the usual sports betting.…

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Bitcoin

Bitcoin is Steadily Changing Our Lives in the Greatest Ways Possible

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Bitcoin

Bitcoin has already brought our world some of the most incredible innovation we have seen, but the best is yet to come. 

Bitcoin, cryptocurrencies, blockchain. While often regarded as mere industry buzzwords are actually the fundamentals of something far greater. Things like borderless currency, decentralized business, open-source software, collaborative technology, shared computing. These are just a scant few of the underlying principles that are taking our technology and daily lives into the future. Should these sciences be embraced, it will be a bright future indeed. 

It has become ever more transparent that humans today are living in fear. If nothing else, 2020 has brought the tidal wave of anxiety and distrust that many live in the shadow of, to a terrifying apex. We are all just waiting for the crash. While some flock to literature, or social media, or their favored news outlet, others flock to exchanges. Using platforms like the newbie friendly Bitvavo to place their bets on the future, on what could be, and what already largely is. Bitcoin and the technology that underpins its innermost workings are a preparation for a better tomorrow. An investment in a future that is already changing our lives today. 

The Point Behind the Hype 

In 2008, when Satoshi Nakamoto wrote the bitcoin white paper, few paid attention. It took years to…

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Bitcoin

AAX Crypto Exchange Announces Massive Growth Numbers in August

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AAX Exchange

As the crypto market continues to surge, new traders continue to enter the market on a daily basis.  One of the first questions that new traders have is where should they trade crypto.  While there are countless options for buying and selling digital assets, traders need to exercise extreme caution and perform due diligence to avoid scam exchanges as well as places that have limited or no volume.  While the main platforms such as Coinbase, Binance, and Bittrex will always have significant volume, their fees are known to be on the expensive side.  AAX, a next-generation cryptocurrency exchange with the lowest futures fees in the world, represents a compelling alternative that traders should consider.

Growth Announcement

A few of the most important issues to consider when deciding whether to use an exchange are the number of users and the volume.  On August 7, AAX announced that in a little over two weeks, the exchange doubled its user base bringing the grand total of registered users to over 200,000.  At this rate, AAX may surpass the million mark later this year which would be an incredible achievement and is most certainly due to a variety of factors including extremely low fees and revolutionary technology.

Institutional-Grade Exchange

When AAX decided to build its platform, it set out to meet the demands of both institutional and retail investors.  In order to achieve that goal, the exchange operates at the highest possible…

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