OmiseGo (OMG) Ties up With Ethereum’s First Ever Client, Status

by | Jul 7, 2018 | Blockchain, Cryptocurrency, Cryptocurrency News

Omisego | OMG | Omisego Partners with Status | cryptocurrency updates

The first mobile Ethereum client, Status that has been built on peer-to-peer technologies has joined hands with the world’s 20th largest cryptocurrency OmiseGo to integrate OMG’s decentralized exchange within Status.

OmiseGo is one of the biggest players in on-chain and cross-chain transactions, interoperability, and Plasma scalability research. Prior to the partnership, the two teams have also had a close relationship through mutual research projects. Recently, Status and OmiseGo had also connected with each other via Ethereum Community Fund.

The mobile Ethereum client, Status has partnered up with OmiseGo (OMG) as announced on its official medium channel,

“we are proud to announce our partnership with OmiseGO — one of the leaders in interoperability, on chain and cross chain transactions, and Plasma scalability research.”

The role of OmiseGO in the partnership is to build financial tools for an open infrastructure. On the other hand, Status will focus on the distribution and adoption of these tools around the world. Both the teams will work towards the common goal of introducing a new world of equality, distribution and openness on the Ethereum public blockchain.

Jun Hasgewa, the Founder, and CEO of OmiseGO said:

“The mission of OMG is to put the capabilities of crypto to work for the needs of the real world; Status brings great value to the OMG Network with a multifaceted user-facing platform leveraging OMG’s back-end infrastructure. This partnership is a step forward for our respective projects, the community and the blockchain industry.”

The Status statement says that the new partnership will entail “cross collaboration between the teams” to ensure the integration proceeds smoothly, while also providing a new “source of users and user feedback for the OMG Network.”

Both parties are keen to point out that this partnership is driven by philosophy rather than short term expediency. OmiseGO and Status share “a common vision to make the world a more open and equitable place” by widespread access to the Ethereum blockchain, and they are “excited” for this working relationship to become a “long lasting partnership.”

 

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