OmiseGo partners with Status

Ethereum community has announced a new partnership. On July 6th, a new partnership between OmiseGo and Status was announced.

About the Partnership

OmiseGo and Status have a similar vision for the future of the decentralized system. They are building solutions in different categories from one another. The partnership will yield long-term benefits.

An immediate benefit is the integration of OmiseGo’s Plasma-based DEX. It will be indirectly undertaken by integration of the OMG Wallet Software Development Kit (SDK) into the native wallet of Status. Then, it will be possible to access the DEX through the Status mobile interface.

Status will closely work with the OmiseGo team. This will ensure seamless integration of their decentralized exchange DEX and it will also ensure collaboration in scalability research.

The Ethereum Community

The strength of the development community of Ethereum is tremendous. Ranging from spreading awareness about cryptocurrencies to building exciting applications on the blockchain of Ethereum, the community is keen on developing itself.

The collaborative spirit also runs deep within the community and the developers of some of the biggest projects of Ethereum are keen on working together. Status and OmiseGo is one such example.

Mobile phones are a very critical creation of technology which brings people into economic prosperity and OmiseGo aims to ensure such prosperity. Mobile phones offer a global connection and facilitate a greater exchange of information, goods, and services.

Status Development team has expertise in innovation and technology in the field of mobile applications, the advantages accruing out of this new partnership knows no bounds to the benefits that will be offered by the Status team to the OmiseGo platform.

The userbase of OmiseGo heavily depends on mobile technology. The OmiseGo team has been making a lot of development on the DEX, and the new partnership will ensure that the pace of progress is maintained. On being live in near future, DEX will enable a greater degree of blockchain interoperability. It will also ensure cross-chain transactions between non-Ethereum blockchains like bitcoin. This will also result in improved scalability and liquidity.

About OmiseGo

OmiseGO enables interoperability and financial inclusion through the public, decentralized OMG network. The OMG network is a scaling solution for finance on Ethereum, enabling peer-to-peer and transparent transactions in real-time. The network facilitates self-sovereign financial services across geographies, asset classes, and applications.

About Status

Status converts a mobile device into a light client node on the Ethereum Network, enabling a user to access Ethereum’s entire ecosystem from anywhere. It is more than a messenger. It sends payments and smart contracts to friends from within encrypted chats using a peer-to-peer protocol.

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Aayushi Dhawan
Aayushi Dhawan is an avid reader, researcher, crypto writer and a passionate student. While pursuing her graduation in commerce at SRCC, she realized that writing and Finance give her immense pleasure. She is currently pursuing her post graduation in Commerce (Finance) from Department of Commerce, Delhi School of Economics and keeps on exploring the intricacies of research, her biggest strength.