Omise, one of Asia’s largest payment channel, has recently announced its partnership with TrueMoney, Thailand’s number one e-wallet.
This announcement, made via the company’s official website, reflects that the collaboration will enable payments support for e-commerce businesses via TrueMoney Wallet.
The service is scheduled to fully commence on 21st October 2019. Obviously, the adoption of digital wallets is fast-growing, this called for the need to extend digital payment to e-commerce businesses’ payment option.
The partnership between Omise and TrueMoney is an open door for e-commerce businesses in the country. 8.4 million People in Thailand leverage on TrueMoney Wallet service. This is not an achievement for cryptocurrency and its teeming believers.
According to the report, the integration of TrueMoney into e-commerce platforms will be perfectly and swiftly initiated by Omise’s developer-focused technology.
OmiseGo’s Integration Team Update
About 3 days ago, OmiseGo, a finance-focused scaling network on Ethereum (ETH) network, updated its ecosystem about the implementation of features for the Ethereum and Plasma integration. The update related that the integration team has been working over the past 2 weeks to make the integration a success.
The report also stated that the task is now successfully completed – pointing out that deposit wallet pooling has now been merged successfully. The blockchain transaction refactor and settings are now in the review phase. Also, 3 bugs were reportedly fixed in the process.
Over the past 2 weeks, we’ve continued to implement features for the #Ethereum & #Plasma integration. Deposit wallet pooling is now merged and two large pull requests, blockchain transaction refactor and #blockchain settings, are in the review phase. https://t.co/raxWM6O736 pic.twitter.com/nQwQA7wS38
— OmiseGO (@omise_go) October 18, 2019
OmiseGo Ingrates with Crypto Coalition Universal Protocol Alliance
Before the above news, OmiseGo joined the cryptocurrency and blockchain coalition, Universal Protocol Alliance a few days ago, Cointelegraph reported.
This was reportedly communicated via a press release on 8th October 2019. OmiseGo related that it intends to add the Universal Protocol Platform UPT utility token to the payment processing technology.
This move will enable OmiseGo to allow stakeholders to use UP stablecoins for tax and fees collection, coupled with financial services.
According to Universal Protocol Alliance Co-founder, Dan Schatt, OmiseGo’s technology would enhance the mainstream adoption of blockchain technology, with the aid of UPUSD and the likes of UP stablecoins for consumers, merchants, and local governments.
Market Situation of OmiseGo (OMG)
A number of digital currencies in the market are hipping price gains, while lots of them experienced insignificant price change in the last 24 hours.
OmiseGo (OMG) is the 48th largest cryptocurrency by market capitalization, the digital currency is one of the recent top performers in terms of market price.