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OmiseGo attains membership of Universal Alliance Protocol

As per recent reports, finance-oriented scaling network for Ethereum (ETH), OmiseGo is now a member of the Universal Protocol Alliance which is a coalition of blockchain and cryptocurrency-focused firms. The startup intends to implement the UPT utility token into its payment processing technology and let stakeholders use UP stablecoins for various financial services. 



Dan Schatt, co-founder of Universal Protocol Alliance commented, “OmiseGo’s technology will help support the mass adoption of blockchain technology utilizing UPUSD and other UP stablecoins for consumers, merchants, and local governments.”



OmiseGo also announced its partnership with open-sourced blockchain project Hydro Labs to enable Hydro Pay Ethereum-based transactions, even when the Ethereum network is congested.
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