Tembusu Systems to launch TRUST digital currency payments for businesses

FinTech | June 1, 2015 By:

On Thursday, May 28, Tembusu Systems announced that it will soon begin implementing digital currency payments using its TRUST framework.

“We’re planning to try out several possible use cases with current payment systems in Singapore, and the success of this trial will see the use of digital currency payment systems being extended into real-world context,” said Tembusu co-founder and CEO Andras Kristof.

According to Tembusu, 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.

A first demo, conducted in local uptown bar The Spiffy Dapper – which also hosted Singapore’s first Bitcoin ATM in 2014 – showed how the TRUST framework could be easily implemented with a computer or mobile device attached to existing POS systems.

Tembusu Systems is a digital currency platform provider based in Singapore.