Thailand-based firm Omise is set to pip messaging app Kik to the post by becoming the most established firm to launch an initial coin offering, rumoured to be taking place on 7 June, using its proprietary Omise Go (OMG) coin. The company has already raised more than $200m in funding from investors including SoftBank Group and Alibaba, but it will now seek a further $2bn (£1.3bn) of capital as The company is set to open-source the technology for its mobile wallet and develop a decentralised payment system using OMG and blockchain.
Thailand-based firm Omise is set to pip messaging app Kik to the post by becoming the most established firm to launch an initial coin offering, rumoured to be taking place on 7 June, using its proprietary Omise Go (OMG) coin. Omise has already raised $20m in funding, but is seeking $19m more from the ICO to develop a transfer and payments platform for unbanked users. The company is set to open-source the technology for its mobile wallet and develop a decentralised payment system using OMG and blockchain.