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OmiseGo (OMG) is a cryptocurrency that is a decentralized universal payment system using the OMG network built on the Ethereum public blockchain. OmiseGo's cryptocurrency is operated by the parent organization Omise, a company that promotes cross-border payments within Southeast Asia.
The purpose of OmiseGO is to provide better financial services to everyone, including both those who use traditional banking services, those in developing countries, and those who lack traditional banking infrastructure. The token OMG was the first Ethereum initial coin total market size to exceed US $ 1 billion in August 2017. OmiseGO Pte Ltd is a subsidiary of Omise Pte Ltd, a payment processing company in Southeast Asia.