Tembusu Systems to Begin Implementation of Cryptocurrency Payments in June
According to a press release today, Singapore-based blockchain solutions provider Tembusu Systems will begin trial implementation of its virtual currency payments using the flagship TRUST system on June 10, 2015. The company's TRUST System - Tembusu Reputation-based Universally Secure Transaction System - uses the same technology as that behind the cryptocurrencies such as Bitcoin, Litecoin, Dogecoin and others, and allows users to make payments using different currencies - fiat, digital, and even gold and silver. Andras Kristof, Co-founder and CEO of Tembusu Systems said, "TRUST is taking....
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Tembusu Systems Pte Ltd., a digital currency platform provider based in Singapore that counted Greece's Finance Minister Yanis Varoufakis among its advisers, announced that it will soon begin implementing digital currency payments using its TRUST framework. According to the Tembusu website, Tembusu's TRUST framework is a global infrastructure that lets verified individuals transfer and manage assets instantly, securely, simply and inexpensively. Based on blockchain technology, it enables payment using different currencies - real-world, digital or even gold and silver. The system was....
Tembusu Systems - known in the digital currency space for developing Bitcoin ATMs - has recently announced what looks to be a switch of focus for the company. In a press release reported yesterday evening (GMT), Tembusu announced it is raised 1.2 million Singapore dollars (US$887,000) in a closed financing round. According to the press release, the company plans to use the capital to develop what it refers to as the TRUST framework. Apparently, Tembusu's framework is a "next-generation distributed block chain technology". What this terminology actually refers to remains something of....
There is a new player in the world of bitcoin ATMs, Singapore-based Tembusu Terminals. The company has just installed Singapore's first permanent bitcoin ATM at a bar in the Boat Quay district. Tembusu says it is talking to other merchants who would like to install the company's ATMs, too. Earlier this month, Bitcoiniac announced it would install Robocoin ATMs in London and Singapore by mid-March. It appears that Tembusu has beaten the Vancouver-based outfit to the punch. Flexible design. The Tembusu ATM was designed and built in Singapore. It features several security and anti-theft....
Blockchain technology firm Tembusu Systems has hit back at claims Greek finance minister Yanis Varoufakis' role as its advisor represents a "conflict of interest" for the politician. On Monday Greece's weekly paper Proto Thema produced emails from a company representative claiming Professor Varoufakis was still "affiliated to Tembusu in an advisory role" as recently as March 2015. This role "raises legitimate questions about a conflict of interest in Varoufakis' support of an extreme albeit innovative method for financial transactions," the paper said. In a statement posted online, Tembusu....
The Asian economies have been far more accepting of Bitcoin than have been their counterparts in the Western world. Nations such as China, Hong Kong, and Singapore continue to outpace the US or Great Britain in inculcating Bitcoin in daily routine. In a recent discussion with BraveNewCoin, the Chief Operating Officer and co-founder of Tembusu Systems Jarrod Luo stated that the regulatory authorities in Singapore have been fairly lenient. He says, "From what we can see it is aimed at trying to include crypto-currency-based instruments into the existing financial and taxation system," says....