OmiseGO is the answer to a fundamental coordination problem amongst payment processors, gateways and financial institutions.
By enabling decentralized exchange on a public blockchain at high volume and low cost, OmiseGO provides a next-generation value transfer service operating across currencies and asset types. Through the OmiseGO network connected to the Ethereum mainnet, anyone will be able to conduct financial transactions such as payments, remittances, payroll deposit, B2B commerce, supply-chain finance, loyalty programs, asset management and trading, and other on-demand services, in a completely decentralized and inexpensive way. Further, millions of mainstream users in the largest growing economies in the world will be enabled to make the transition from using fiat money to using decentralized currencies such as ETH, BTC, and others. The OmiseGO network is intrinsically agnostic between fiat and decentralized money: as far as adoption and usage go, the system is constructed so that the best currencies will win.
This is a very promising wallet and investment. Up 100% since last week and still strong. I am wondering what their KYC/AML plans are ? There are many questions left unanswered in the whitepaper because the technology simply isn't there yet
You seem to be knowledgeable about this company. Do you think their timetable for releasing a wallet and moving to their own blockchain is a reasonable estimate? I am curious about your thoughts as I haven't really heard anyone talking about Omisego.