Unbanking the banked with Ethereum
WHAT DOES IT mean to ‘unbank the banked’? Back in 2013, when some cryptocurrency founders were still in high school, Omise was already an established company in Bangkok, working on creating a payment gateway for Southeast Asia, where 73% of people lack access to traditional banking. Founded by Jun Hasegawa and Donnie Harinsut, OmiseGo is the logical application of blockchain technology to that existing project.
The stated mission is to provide better financial services for everyone, from those already using tradition banking services to those in developing countries which lack the necessary infrastructure. As an integrated service, OMG operates for both fiat and cryptocurrencies, with burgeoning markets in Thailand, Japan, Indonesia, Singapore and Malaysia.
If you’ve ever built a business yourself, you’ll be impressed by the idea of one network handling everything from payroll to loyalty programs to supply chain and asset management. But even if you were to ignore the blockchain components, any company seeking to simplify payments in countries where banking is complicated is on to a sure thing.
Two of the most respected people in cryptocurrency; founder of Ethereum, Vitalik Buterin, and Joseph Poon, co-author of Bitcoin’s Lightning Network white paper, are advising the company.
Circulating Supply: 140,245,398 OMG