Tembusu Systems to Launch TRUST Digital Money Platform for Businesses and Governments

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....

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....

Having just launched a bitcoin ATM in Singapore, Tembusu has reportedly received nearly $237,000 USD in seed funding, according to a report published by bitcoin news website CoinDesk. The money has come from undisclosed investors in the city-state for a near 6 percent equity stake in the company. This puts the company valuation at just over $4 million USD at the present time. Company spokesman Jared Luo said they funding will be used to fill outstanding orders, stockpiling raw materials to build the machines, and adding additional staff members. The Tembusu bitcoin ATM made its debut last....

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....

Singapore bitcoin ATM producer Tembusu announced today it has closed its seed funding round and raised over S$300,000 (US$236,600), just one and a half weeks after launching its first machine and after the company itself was valued at S$5.1m (US$4.02m). Company spokesman Jarrod Luo said the extra capital would form the bulk of the working capital the startup requires to "fulfill its outstanding machine orders in a timely fashion", including stockpiling raw materials and expanding its team. Tembusu was the first company to open a bitcoin ATM in Singapore, and it is also the first to design....