What is OMG white label SDK?
What is OMG white label SDK?
The OMG’s white label SDK (Software development kit) offers a well-developed network that will give companies a platform to create its own wallets where users can exchange value.
A white label product simply refers to a product that is made by one party or company and can be rebranded and sold by another company. OMG has created a ‘universal’ wallet development platform that companies can take up and create their own wallet that will have its own logo and product name.
“Right now my favorite token model is OMG-style staking tokens [because] it is not a medium-of-exchange token, has a clear valuation model and requires running node to get returns, not passive income making it more legally defensible.”
Vitalik Buterin, creator of Ethereum on Twitter
The platform allows its users to transfer different kinds of funds across the blockchain. For example, if you had Bitcoin and you wanted to transfer the funds to a merchant who transacts through a PayPal account, OMG facilitates this by providing a wallet that will be able to accept the Bitcoins and payout USD to the merchant. The development team wants to make a scalable platform on the Ethereum smart contract system that will allow millions of transactions per second, meaning no waiting time and instant payments.
Why we need OMG?
Companies, merchants and other small startups want to offer a framework that would enable value storage such as loyalty points, USD, EURO, Bitcoin etc. Essentially, the companies want a payment system that will manage everything on your account and enable you to pay without depending on PayPal or credit and debit cards.
Universal wallets, such as the white label SDK by OmiseGo, enhance the security, privacy and anonymity of the user. Big plus to any company looking for a de
Reduces the cost of development of a new wallet. The blockchain is relatively new in the market hence finding developers for a decentralized wallet would be a challenge to most companies.
Currently, the coin is ranked at position 22 on the latest rankings on Coinmarketcap with a market capitalization of $1,721,008,861 pricing the 102,042,552 OMG tokens that are circulating at $16.48 each. The coin has seen its price fall by 11% on a year-to-date basis. This is the common trend amongst most cryptocurrencies after the recent selloff in the market. However, the coin was the highest traded coin amongst medium cap coins in the last week racking up $524 million in amounts traded. The coin’s return has actually performed better than Bitcoin every single day of 2018 showing a promising trend to OmiseGO.
The value that OmiseGO (OMG) offers to its users beats the partnerships, FOMO, and any other stories flying around about the coin. It is surely a coin worth checking out. It might well be push to $30 as the development of the coin keeps up the good work in the offices.
What is OMG white label SDK?
Reviewed by mir khaleq ali
on
February 25, 2018
Rating:
Reviewed by mir khaleq ali
on
February 25, 2018
Rating:
nyc ino..
ReplyDeleteA cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange that uses cryptography to secure its transactions, to control the creation of additional units, and to verify the transfer of assets.
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I think this is an informative post and it is very useful and knowledgeable. White label NFT Marketplace or crypto exchange solutions are ready-to-use software for constructing highly functional applications. You just need to select chosen features and can build your own digital assets exchange business. I would like to thank you for the efforts you have made in writing this article.
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