What is OGV?
Updated September 20, 2021
OGV is a virtual currency, a form of electronic cash. OGV stands for OWNER GROUP Value and is valued in U.S. dollars (OGV 1 = USD 1).
OGV acts in 2 ways:
Unit of Account
Providing a common measure of the value of goods and services being traded. The value of all goods and services listed in OWNER GROUP is expressed in OGV.
Medium of Exchange
Facilitating the exchange when there is no a double coincidence of wants between two transacting parties. OGV can be sent from member to member directly on our network as a payment for goods and services, without the need for intermediaries.
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