OmiseGo (OMG) is a Cryptocurrency founded in 2013 and built on the Ethereum platform and it’s based in Thailand, Japan, Singapore, and Indonesia. It’s CEO Jun Hasegawa is an entrepreneur from Japan with an expertise in e-commerce and mobile payments. The company had initially raised $50 Million through private investors and an Initial Coin offering in 2017. Astonishingly, they now have a valuation of nearly $1 Billion. The project was advised and backed by Ethereum creator Vitalik Buterin which gave the company a massive boost forward. OmiseGO is described as the answer to a fundamental coordination problem amongst payment processors, gateways and financial institutions.
McDonald’s Thailand Partnership
It was announced in September 2017 that OMG would be partnering with several McDonald’s in Thailand for the purpose of online orders. It was also announced that they will be integrating with McDelivery Thailand mobile app. According to Jun Hasegawa CEO of Omise:
“The consumer’s experience begins right when they place the order online, and payments are a critical component of that experience. Offering highly secure, seamless payment options across all platforms and devices is key to delivering a seamless experience for McDonald’s customers.”
Strong Future for OmiseGo?
As a Cryptocurrency it is encouraging to see a real world use case such as McDonald’s online orders. Investors should expect to see OMG rise much further in the coming 6 months. They plan to expand into neighboring asian countries and this could mean OMG will be one of the most widely used Cryptocurrencies in the continent.