Ogvio Review

The modern international remittance system is a blessing. You can send money almost anywhere in the world relatively easily, but it doesn’t mean it’s without friction. In this Ogvio review, I will introduce you to this soon-to-be-released platform that aims to simplify the money transfer process even more.

As a newcomer in the space, it has plenty of chances to tackle many pain points left by its competitors. But of course, many questions linger. Is Ogvio legit? Does it have fair fee rates? How about its security? All of these and more will be answered in this review.

Also, before we begin, note that you have a chance to win a portion of a $15,000 prize pool during Airdrop Season 8. Creating an Ogvio account will be a crucial part of claiming your wins!

Ogvio Review: Quick Overview

Before I go deeper into this Ogvio review, I think it would be great to get a quick glimpse into what the platform has to offer to understand what is Ogvio. Here is a simple table showing you all the essential information about the project:

Table: Quick overview of Ogvio

Judging by the essentials, it seems like the platform is a pretty unique remittance / money transfer service. Don’t worry, I’ll go into more details later in the Ogvio review.

Who’s Ogvio For

Let’s face it, not all remittance platforms are built for everyone. Sometimes, you end up with an app offering features that don’t match your needs and preferences. So what about Ogvio? From what I can see at the time, it will fit several user demographics.

In fact, Ogvio explicitly lists them on its official website. This is crucial information to understand what is Ogvio. Let’s take a look at them and see if any of them fit your situation:

• People working abroad. Ogvio will work well for anyone sending money back home regularly. It promises a fast and transparent remittance experience across 160+ countries.
• Freelancers. Freelancers juggling international clients will likely appreciate Ogvio’s multi-currency support and instant USD/EUR pegging. It helps reduce losses from currency fluctuations and makes receiving cross-border payments simpler.
• Travelers. For travelers, Ogvio’s global reach and real-time currency conversion could be game changers. You can spend in different countries without worrying about hidden FX fees, and instantly move between currencies if exchange rates shift.

• Students. International students often struggle with transferring tuition or getting allowances from abroad. Ogvio’s free user-to-user transfers and low remittance fees can make it easier for families to send money quickly.
• Locals. Even users who don’t travel can still benefit. Ogvio’s wallet and payment link functions are handy for small domestic transfers or casual payments among friends.
• Crypto users. Crypto users will find Ogvio’s Base network integration particularly appealing. You can hold, send, and receive crypto alongside fiat, with support for tokens like BTC, ETH, and EURC.

Judging by this, it seems like Ogvio wants to focus on individual users at launch. Considering the platform’s planned focus on international remittance, I think it will serve the right group of users.

If you fall into any of the groups listed above, I’m sure you’ll find the rest of this Ogvio review very interesting.

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Advantages

The biggest reason why I think this Ogvio app review will pique your interest is the platform’s key strengths. It offers various features that make it a compelling remittance service among many competitors.

That said, here are some advantages you can get if you choose to use Ogvio.

• Remittance-oriented;
• Instant transfers;
• Incremental-to-no fees;
• Crypto support;
• @Tag functionality;
• Earning opportunities;
• Free transfers between users.

Now let’s take a look a bit closer into each of these pros. First off, Ogvio is clearly designed with remittance in mind. Everything about the platform, from its multi-currency wallet to its transparent rates, revolves around making global money transfers simpler and faster.

Unlike some neobanks that treat remittance as a side feature, Ogvio seems to focus its entire ecosystem around it. This means, if you make cross-border transactions a lot, you can rest assured that the platform will do its best to cater to your needs.

Speaking of which, speed is one of the core issues in the remittance industry, and Ogvio aims to eliminate that entirely. The platform promises instant transfers between users, regardless of location, which could save hours or even days compared to traditional wire transfers.

Obviously, this is a huge win for those who need their money to arrive quickly (which is all of us, I think).

Furthermore, Ogvio markets itself as a transparent, low-cost alternative to conventional remittance apps. While some transfers or fiat onramps may still carry small fees, the platform’s model focuses on reducing costs wherever possible.

Ogvio also plans to integrate with the Base network, allowing users to hold and send crypto like BTC, ETH, EURC, and others. Because of that, I think Ogvio will be a popular hybrid solution that bridges between traditional and Web3 finance.

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It’s particularly appealing for users who want the convenience of a neobank without giving up their crypto flexibility or custody.

Personally, I find that the @Tag feature is Ogvio’s most interesting aspect. You can send and receive money using a simple, unique username instead of dealing with long account numbers or complex wallet addresses. It’s both user-friendly and secure, making transactions as easy as sending a DM, which is ideal for casual payments or frequent transfers.

Finally, the zero-fee transfers between Ogvio users could be a huge benefit. This not only encourages people to invite friends and family onto the platform but also helps build a connected ecosystem.

Once both sender and receiver are using Ogvio, the entire transfer process becomes instant, free, and hassle-free, the way remittance arguably should be.

Last but not least, Ogvio also plans to release earning features on its platform. This means your Ogvio account will go beyond simply sending and receiving money.

You can earn passive income by joining the referral program and inviting your friends and family to join Ogvio. Considering that it implements 0-fee transfers between users, I'd say this is definitely a win-win solution.

Limitation

But of course, no platform is 100% spotless. Since the service has not launched yet, it is hard to find Ogvio reviews that point out its drawbacks. So far, I think there is only one potential limitation the platform has: it only supports USD and EUR natively.

This doesn’t mean you can’t use Ogvio if you don’t use either of the currencies, though. Conversion to more than 40 currencies will be possible, but you won’t be able to hold other fiat currencies in your Ogvio account other than those two, at least at launch.

It might seem limiting at first, but let’s try looking at it from a different point of view. Because Ogvio automatically converts your balance into either USD or EUR upon deposit, it can act as a pegging mechanism.

What does it mean? If you live in an area where the local currency fluctuates constantly, having your funds in relatively stable USD and EUR can help you maintain the value of your money.

My point is, depending on how you look at it, this can be either a feature or a drawback. But regardless, it is worth knowing what you can and can’t do before deciding to use the service.

Fees

This review wouldn’t be complete without talking about Ogvio’s fees. After all, no matter how great the features are, it would be a significantly less appealing option if it implemented unfair costs.

In Ogvio’s case, it doesn’t seem to be the case. First of all, there is no subscription plan. Meaning that you can create an Ogvio account without paying any monthly cost or dealing with confusing plans.

The platform also plans to implement fair mid-market rates for currency conversion to maximize the value of your funds. You will be able to see exactly what you pay before you send. No hidden charges or surprise deductions. As stated on its website:

Ogvio pricing rule: most transfers are completely free, with all fees shown before you send.

Depositing funds (fiat or crypto) to your Ogvio account also incurs 0 fees, which is great. The last thing you want is the platform taking cuts even before you get to spend your money. Additionally, Ogvio plans to implement no limitations for your deposits and transfers.

The costs for any Ogvio crypto transactions are also competitive. Ogvio won’t charge any fees for sending crypto, but you might need to pay for gas fees. The platform also plans to implement 0% fee trading and a transparent exchange rate.

Unfortunately, there is no more information about any specific fee rates at the time of writing this Ogvio review. That’s why I highly recommend joining the waitlist to get the latest update about the service.

Security

It is only natural to expect the best security measures when it comes to anything money-related.^[1] So, is Ogvio secure enough for your financial needs? Let’s find out.

Ogvio has a promising start by offering a self-custodial model for its service. Your funds are never stored in a centralized account or managed by a third party. Ogvio also claims that it will store your money on-chain in secure vaults.

While this is mostly a big thing in the crypto industry, I personally think it can benefit fiat currency management as well.

I can’t emphasize enough how this will improve your freedom and control over your money. This also means less risk of getting your funds frozen by the platform for no reason. I still remember waiting nearly 10 days for a platform to “verify” me before I could touch my own funds. Never again.

From the users’ side, each Ogvio account will have AES-256 encryption and optional biometric login, which are industry standards at this point. Still, I’m glad to see the platform implement these essential features to safeguard users’ accounts.

Another thing worth mentioning to address the question “Is Ogvio secure?” is the KYC (Know Your Customer) requirements.

This is a set of mandatory processes where financial platforms verify the identity of their users to prevent financial crime like money laundering, terrorist financing, and fraud. The goal is to better track and prevent illegal activities^[2] within these platforms.

From what I can gather, Ogvio will most likely employ standard KYC but also offer light KYC in some regions. This means you will basically be able to pass the verification without uploading any documents or doing a face scan.

If you’re the type of person who really values privacy, I’m sure this is good news. But keep in mind that the requirements may vary depending on where you live and there might be limits.

Besides, Ogvio will launch with a Money Services Business (MSB) registration, which basically means it’ll be officially registered to handle money transfer and exchange services. So, if you wonder, “Is Ogvio legit?” I can say that it is.

User Experience

In terms of ease of use, Ogvio plans to provide the most intuitive user interface for its users. With the financial space already as complex as it is, there is no need to make things more confusing by burying simple actions under endless menus or complicated settings.

As I briefly mentioned earlier, its coolest feature is the @Tag function. With this, you don’t have to input a long and complex address just to send your money. Simply type in the recipient’s unique @Tag, and send your money like you would send a DM.

Now, what about Ogvio’s money transfer capability? Good question! Most people would want to use a service that can send their money as fast as possible. Ogvio plans to address this need by providing instant delivery for most of your transfers. Keep in mind that this might depend on your preferred transfer method and region.

Many fintech apps still make you wait for days before your money lands. This can be very infuriating for freelancers or travelers who need their money to be accessible fast. But with Ogvio, I think everything will be seamless with no hiccups.

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So far, it seems like Ogvio has put a lot of effort into making its platform as intuitive as possible. Everything from sending money to how fast your transfers will be completed looks so seamless and stress-free.

Integration and Compatibility

It is always a big plus to use a service that integrates with third-party providers, considering how many different financial platforms are out there. The good news is, Ogvio plans to work seamlessly with more than 7,000 banks and wallets worldwide.

These include popular fintech brands like PayPal, Revolut, and Stripe, as well as top names in the crypto industry, including Ledger and Binance. Looks like moving assets from and to Ogvio will be easy.

It also makes it easy to top up your balance using various on-ramp services, including credit/debit cards, Apple Pay, Google Pay, or bank transfers. It is worth noting that this method can be a bit expensive, though.

Speaking of moving money around, Ogvio will also support more than 160 countries and regions, including the US, UK, India, Mexico, and Indonesia. This is why I told you this platform is great for travelers and people working abroad.

With this wide coverage, you can create an Ogvio account and use its service from almost anywhere in the world. Pretty neat if I do say so myself, especially since the platform really focuses on remittance.

How to Use Ogvio

I’ve mentioned how intuitive the platform is in this Ogvio app review. That being said, let’s take a look at the general way to use Ogvio, including how to deposit, send, and receive money.

How to Deposit Money to Ogvio

Let’s start with doing a top-up to your Ogvio account. As I mentioned before, it supports a wide range of deposit methods, but in this Ogvio review, I’m going to show you the general guide on how to do it.

Keep in mind that Ogvio doesn’t charge any fees for your deposit, but if you’re depositing fiat money, your bank or card company might incur additional fees. So, make sure to check it before finalizing the transfer.

How to Receive Money Into Your Ogvio Account

Now, let’s go through the general step-by-step guide on how to receive money into your Ogvio account. Take a look:

Alternatively, you will be able to create a custom payment link and share it with the money issuer. As I said, in most cases, the transfer will land in your account instantly. Additionally, you don’t have to worry about paying any fees when receiving money on Ogvio.

How to Send Money Using Ogvio

Finally, using Ogvio’s money transfer is as easy as depositing and receiving money. Personally, I think this will be the biggest positive aspect in many Ogvio reviews when the service is finally launched.

That said, here is how you transfer money easily using Ogvio:

As you can see, navigating money using Ogvio is very easy. Everything from funding your account to sending money to someone else is frictionless and requires minimal to no waiting at all.

Comparison to Other Fintech Services

Before I conclude this Ogvio review, I want to highlight how Ogvio will perform compared to some of its potential competitors. While the global fintech and remittance industry is filled with various options, I will focus on three of the biggest ones specifically: PayPal, Revolut, and Wise.

Ogvio VS PayPal

I think it is safe to say that PayPal is a household name when it comes to remittance services. As of writing, it is available in more than 200 countries worldwide and serves more than 400 million users and merchants.

In general, it offers similar services to Ogvio. These include remittances, payments, as well as access to the crypto market. However, PayPal is notorious for implementing higher fee rates for international transfers and currency conversion.

There is also an issue of frequent account freezing. Many users reported that PayPal suddenly freezes their accounts or holds their money without much warning or clear notice. This can be a major issue if you need urgent access to your funds.

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Because of that, I can see Ogvio becoming a great solution to these problems since it is non-custodial by design, and nobody can freeze or hold your money hostage.

Additionally, Ogvio’s fees are supposed to be more reasonable and transparent. You won’t have to worry about getting your money cut down by unfavorable charges and conversion rates.

Ogvio VS Revolut

Revolut offers a modern take on the fintech service, including spending management, payment solutions, and access to a wide range of investment options. It takes it a step further by offering products tailored to kids and teenagers starting as young as 6 years old, depending on where you live. Talk about inclusivity.

	OGVIO	REVOLUT
Supported Countries	US Germany France +160 more	Australia US UK +38 more
Supported Languages	EN ID CN +6 more	EN ES IT +27 more
Supported Fiat Currencies	USD EUR CAD +40 more	AUD EUR USD +23 more
Supported Cryptocurrencies	USDC EURC BONK + 300 more	BTC ETH SOL +220 more
	Visit site Read review	Visit site

Table: Comparison between Ogvio's and Revolut's coverage

These extensive features make Revolut popular in the fintech industry. However, there's one major downside to using this platform. As of now, you can only open a Revolut account in 48 countries and regions. This is significantly lower than Ogvio's planned 160+ supported countries.

All in all, I can see why Revolut is a popular name in the space. However, if you're country of residence is not within its supported countries list, then you're out of luck.

Ogvio VS Wise

Wise is another popular name in the remittance industry. It is famous for its true mid-market rate policy, which makes it a favorable option for sending money internationally. At the time of writing this Ogvio review, Wise supports around 140 countries and regions and serves 20 million active users.

Just like Ogvio, Wise’s main focus is also on international money transfers, with other additions like debit cards and business solutions. Because of that, I think it is fair to compare it to Ogvio.

Unlike Ogvio with its @Tag feature, users still need to deal with bank account numbers or routing numbers. Additionally, Wise doesn’t currently offer any crypto-related features. So, if you’re interested in joining the crypto market, using Wise is, I’d say, unwise.

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All things considered, I can see Ogvio becoming a strong contender in the space. The features it plans to offer seem to compete with even some of the biggest names right now, including PayPal and Wise.

Conclusions: Is Ogvio Right for You?

With that, we’ve come to the end of this Ogvio review. From what I can see so far, Ogvio seems to be a very promising fintech app. It plans to offer many features that caught my attention. From its transparent and low fees to the interesting @Tag function.

Some people might be concerned about the fact that it will automatically convert your balance to either USD or EUR, but honestly, this can be a great way to maintain your money’s value. Especially for people who live in regions where the local currency fluctuates frequently.

So, while there are a few unknowns left to be clarified at launch, I'm genuinely excited about what Ogvio is bringing to the table. I'll certainly be signing up to give the app a full, real-world test - you should, too!

Scientific References

1. Jafri J. A., Amin S. I. M., Rahman A. A., Nor S. M.: 'A Systematic Literature Review of The Role of Trust and Security on Fintech Adoption in Banking';

2. Chouke A., Jain V. K., Parmar J., Shankar S., Verma A. K.: Identity Verification: A Decentralized KYC Approach Using Blockchain'.