OmiseGO is a cryptocurrency and decentralised exchange. It was established by a company called Omise in Thailand in 2013 and is abbreviated as OMG. Initially based on the Ethereum network, in 2018 OmiseGO moved to its blockchain. Developers recognised that the blockchain can potentially address interoperability problems among different payment services. Gavin Wood and Vitalik Buterin, Ethereum founders, are among its advisors. Joseph Poon, who created Lightning Network and Plasma, designed the OmiseGO blockchain and wrote its white paper.
OmiseGO attempts to address the issue of interoperability of mobile wallet platforms. This is being done by it offering peer-to-peer value exchange and payment services in real time whatever asset type and the currency is being used.
How to Use OmiseGO
You’ll need to buy OMG cryptocurrency to pay for the blockchain’s work. So, every time you use an OmiseGO contract, you’re paying in OMG.
Go to the Coinswitch site and choose your payment currency in the You Send box. Select OMG in the You Get box and click View All Offers. Find the one you like best, enter your cryptocurrency wallet address, and click Next. Follow the Coinswitch steps to complete the purchase.