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OmiseGO is an open payment platform and decentralised exchange issued on Ethereum, an open-source public blockchain. Its slogan is "Unbank the Banked" and the stated objective is to provide better financial services for everyone, including both people who use traditional banking services and people in developing countries and locales which lack traditional banking infrastructure. Its token OMG ... was the first Ethereum project to exceed USD $1 billion valuation. The project is supported by co-founders of Ethereum: Vitalik Buterin and Gavin Wood, and is architected by the creator of Lightning Network and Plasma, Joseph Poon. The first public release of the wallet SDK is expected to happen in the first quarter of 2018. The SDK and blockchain will continue to be worked on and functionality added.
OmiseGO offers a solution to the coordination problem between payment processors; financial gateways and financial institutions. It enables financial transactions, including “payments, remittances, payroll deposit, B2B commerce, supply-chain finance, loyalty programs, asset management and trading, and other on-demand services.”
OmiseGO is a startup by Jun Hasegawa and Donnie Harinsut, the founders of the already operating company Omise, which was founded in 2013, in Bangkok, Thailand. OmiseGO's initial coin offering (ICO) in 2017 raised over USD $25 million, turning down over USD $100 million in the process. OmiseGO's advisors include the co-founders of Ethereum: Vitalik Buterin and Gavin Wood. It also has the endorsement and support of the Bank of Thailand and the Thai Ministry of Finance. Omise was awarded Digital Company of the Year by Thai Prime Minister Prayut Chan-o-cha at Digital Thailand Big Bang 2017, an exhibition organised by the government to showcase its digital economy agenda. Omise is supported by institutional investors and partnerships including Alipay, McDonald's and Minor International.