OMG sounds great! One thing I am not completely clear on is how people can get fiat money using OMG if they are not going through a bank? Can anyone clear that up for me or point me in the right direction? Thanks!
You are viewing a single comment's thread from:
@agorist not a problem I will clear it up for you. Basically it's an application based on Ethereum Platform and it's used as a means of payment to businesses and or people, mainly in the Asian market. If you want to receive fiat money I believe it would have an address similar to how you would exchange crypto from wallet to wallet. Alternatively until it becomes fully mainstream you can access OMG tokens through Coin Market Cap and they are fully tradeable at Bitrex and Bitfinex :)
OK cool cool. So basically at this moment, OMG still needs to be cashed out via an exchange until a better option comes about in the future?
@agorist13 that's correct but i dare say it won't be long :)
At the moment one can either use a bitcoin/altcoin ATM or get ahold of one of those VISA debit cards one can load bitcoins/altcoins in and withdraw cash from any 'normal' ATM...unless he lives in the US where they're not allowed, it seems.