There are many highly hyped coins out there that have no real-world use. If you are looking to invest in a coin that can hold value in the long run, then OmiseGo (OMG) is one coin you should add in your portfolio. You are probably wondering what sets this coin apart from most speculative coins in the market. Well, here are the reasons.
- Different epayment platforms lock in their users
In the South East Asia market where banks are inaccessible to many people in the rural areas, mobile payment platforms have taken over. Unfortunately, each of these platforms in a bid to keep market share locks in its users, making cross-platform payments difficult. OmiseGo (OMG) solves this problem by allowing for cross-platform payments using the blockchain. Thanks to this coin, people can send money from one platform to the other, without affecting the operational capabilities of the companies involved. This is guaranteed to open up financial services to an even bigger number of people in Asia and beyond. As this happens, so will the value of OMG coin. This inherent ability of OmiseGo to unlock financial power to the lower segments of the population is guaranteed to push this coin into the stratosphere.
- This coin cuts transaction costs across platforms
Remittances are big business in Asia. Unfortunately it is a very expensive business due to the many players involved such as international credit card companies, and the SWIFT system. OMG coin eliminates these costs by using blockchain technology to make the whole system trustless. As such, through the OmiseGo coin, the number of people remitting money in Asia will increase through the decreased cost of sending money both between different payment systems as well as internationally. This market is so big that it can propel the value of OMG to $100 and above in 2018 and beyond.
- OmiseGo (OMG) is superfast
With all the participants involved in sending money from one person to the other using existing mobile wallets, the whole system is quite slow. To solve this, OmiseGo platform runs on a decentralized prove-of-stake system. The PoS is one of the most effective systems when looking to send money from one platform to another. In essence, transaction speeds coupled with the low transaction costs that come with this system puts OMG at the center of the crypto market, as one of the coins that has a chance to exponentially grow in value in 2018 and beyond.
Where to buy OMG coin
If you find OmiseGo an attractive buy, you can find it on any of the following major exchanges.
Once you buy it, you can store it in MyEtherWallet. You can also store it in a hardware wallet such as Ledger Nano S. This is one coin that you won’t regret buying. It has the fundamentals necessary to help it grow in value going into the long-run, and the fact that the most secure wallets support it, is a plus.