There have been frustrations among Singaporeans and generally, people in South-East Asia, due to the many difficulties in purchasing cryptocurrencies. They often have to rely on Over-the-counter trades while paying a high premium to get their hands on their desired tokens. To solve this problem, the OMMER team has come out with this idea of a simple application: Imagine getting your fiat on a cryptocurrency exchange seamlessly and securely with just a touch of a button on your mobile app! With up and coming adoption in markets like Myanmar, Brunei, Thailand, Philippines and more, OMMER is poised to be a gateway between fiat and most cryptocurrencies!
What is OMMER?
The Ommer Platform aims to enable anyone to own virtual currencies in under five minutes, using their mobile phones. This speed is made possible with real-time user identity verification, the availability of spot exchange prices, and the integration of local bank accounts. In addition to convenience, the Ommer App also provides iron-clad security for stored virtual currencies through a decentralized wallet architecture with safety and recovery features — just in case users lose their phones, their pin, or both.
From a Singapore-based HQ, the Ommer team will refine and perfect the technology, processes, and relationships behind its virtual currency exchange business in the coming one to two years. This blueprint will then be used to support joint venture partners as the Ommer Platform enters each South-East Asian country with localized apps and operations. The Ommer Platform intends to take a proactive approach towards regulatory compliance. Aside from preparing for the upcoming Payment Services Bill in Singapore, the Ommer Platform will also be applying for similar licenses across the region.