There are a huge number of different coins and tokens on the cryptocurrency market. Not all of them deserve users’ attention, as many of them are only a set of speculative tools that serve to make a short-term profit for their creators.
OMG Cryptocurrency Price
A quality mark for a crypto coin is its listing on large and reputable centralized exchanges. One such coin worth paying attention to is OmiseGo (OMG). You can get acquainted with crypto exchanges rates on the WhiteBIT platform.
In this article, we will take a closer look at the OmiseGo project, discuss its strengths and weaknesses, and talk about OMG cryptocurrency price prediction.
OmiseGo in Simple Terms
The OmiseGo project is a multifunctional payment service. The company has many high-profile partners, including McDonald’s in Thailand.
Initially, the company worked in Asia, offering its services to local banks. It was an analogue of the well-known SWIFT network called Omise.
A high commission is charged when sending money from one Asian country to another. Migrants working abroad, who often send money to their families back home, face many challenges. Transferring money to a family member with no bank account is impossible.
In addition, these transactions charge enormous fees. This often worsens the financial situation of those families.
OmiseGo enables those transactions through the OmiseGo blockchain. The platform features the OMG cryptocurrency, the ERC20 token.
With this project, developers can create their own decentralized wallets. A key feature of the project is that these wallets can store cryptocurrency and fiat.
The project has all the chances to become an alternative to traditional bank payments. Therefore, many analysts have quite optimistic omg crypto price prediction.
Advantages of OMG
- Fast transactions
- Fiat and crypto support
- Low fees
- Simply to use.
Where to Buy OMG?
In real-time, you can watch the change in OMG cryptocurrency price on the WhiteBIT cryptocurrency exchange. The platform provides high liquidity, which is why traders from all over the world choose this exchange.