Here is what OmiseGo actually is: OmiseGo is a blockchain-based decentralized exchange. An OmiseGo wallet can hold many different kinds of currencies and assets including fiat and crypto and the blockchain facilitates real-time asset transfer and conversion. The central OmiseGo asset is Ether. Ether will have trading pairs with every other asset for exchange liquidity and efficiency. If every asset on OmiseGo had a trading pair with each other, less popular pairs will be highly illiquid with abysmal spreads. OmiseGo’s blockchain uses an Ethereum smart contract to store the decentralized exchange’s Ether reserves. OmiseGo is a proof of stake blockchain, with wallets earning fees from the completed exchange orders in blocks they validate. OmiseGo targets the long tail of eWallet platforms (i.e. Venmo, Alipay, Paytm, Omise) and provides them with a central clearing house where they can interoperate with each other. eWallets are unwilling to use centralized clearing houses such as SWIFT and ACH since this requires significant trust-related overhead costs. OmiseGo will provide an SDK for the eWallet platforms to build wallets on OmiseGo’s blockchain OmiseGo will be a super fast, super cheap decentralized exchange that facilitates the real-time exchange of all sorts of digitized currencies and assets If OmiseGo’s idea is realized, it will revolutionize cryptocurrencies and the global economy As mentioned above, OmiseGo targets the long tail of eWallet providers. Adoption of OmiseGo means having many eWallet providers building wallet services on top of OmiseGo and then using the blockchain to issue inter-eWallet payments. If OmiseGo succeeds as a platform, i.e. many eWallet providers adopt it, you can imagine a world where a user using Venmo (USD) could travel to India and pay a user using Paytm (rupee). The same user could then go to China and pay another user using Alipay (yuan). That’s revolutionary. It breaks down monetary borders and introduces unprecedented liquidity between currencies and assets. If implemented on a global scale, OmiseGo would create a monetary system that behaved like it had a singular global currency, even though there would still be many many currencies. OmiseGo would be the next big globalization force after free trade.