How is HubrisOne using OmiseGo tech?
First. We had to get the UI/UX right. From the feedback we’ve recieved, I think we did and we may be on to something.
Then, we had to understand the best technology that was available to make HubrisOne a possibility.
We really want everyday people to:
- Benefit from the Blockchain technology
- Be exposed to cryptocurrencies
We found this will only be possible if we package complex technology in a way that’s 1) easy to use 2) looks clean and familiar to the everyday user
About implementing OmiseGo tech:
We’ll be leveraging OmiseGo for a few key areas within the app, in some instances, we will be leveraging multiple technologies, for example in some instances we will leverage Stellar where necessary.
The first real application we see is:
Cross-border transfers with real-time settlement
Users will be able to use their HubrisOne bank account or wallets and send money abroad to any bank account globally (depending on timelines, we may possibly leverage Stellar here).
Virtual cash cards to allow people to connect with their HubrisOne wallets and HubrisOne bank accounts to spend online
For Physical cards: We’ve partnered with a card distributor in the U.K. who will enable our users to receive a card and connect it with their HubrisOne bank account and wallet. Our card partner will also issue EUR IBAN’s, GBP sort codes and account numbers.
Banking the unbanked, top up over the counter: This is truly important to us and where we saw OmiseGo was a natural fit. This will enable our customers to credit their bank accounts from local markets, supermarkets etc with cash and it will be loaded onto their HubrisOne account for spending.
Omise Payment Gateway and Interoperability: As you may have seen, the HubrisOne app encompasses a fiat banking module and cryptocurrency module. We’d need these to speak to each other seamlessly and we’d like our customers to transact cryptocurrencies freely without worry of the various blockchains. This is another use-case we find that makes OMG a great fit.
Scalability: HubrisOne is an app for all people, everyone needs a bank account and in the future, we believe a cryptocurrency wallet will be as important. As HubrisOne grows, we would need an underlying technology that can support that growth. From speaking with the team at OMG we believe it’s a no-brainer for HubrisOne.
Now onto Plasma: We are aware that Plasma has not been released yet, but we understand the potential, especially with the market heading towards a more decentralised exchange preference, we believe that the exchange module within HubrisOne can be powered by OmiseGo’s plasma.
We wanted to be as thorough and transparent as possible, any further questions please don’t hesitate.
Check out the product brief here Product Brief
Become an early bird here: www.hubrisone.com/register