[2015-05-17] Singapore’s Tembusu Systems raises $887k, dissociates from Bitcoin

[LiteCoinGuy]

Singapore’s Tembusu Systems raises $887k, dissociates from Bitcoin

Tembusu also announced that it has snagged University of Athens academic Yanis Varoufakis, who was recently appointed Greece’s finance minister, as an advisor. They’ve been working together since November 2014.

https://www.techinasia.com/singapores-tembusu-systems-raises-887k-dissociates-bitcoin/

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[jdebunt]

This is very interesting news, thanks for posting! Been a while since I heard from Tembusu

[Kprawn]

Ok, and let's look at Greece at the moment... Did Yanis Varoufakis solve that?

So the story is... You use Bitcoin, but you do not make enough money, then you dump Bitcoin and you join the competitor, Ripple Nipple in the hope that it would appeal to the banks and go mainstream.

Ripple rape Anonimity and bends the knee to Banks, and they are backing them with $887k VC capital. Smart move?

[jacktheking]

I live in Singapore and I never heard of this company named Tembusu Systems.. :/. Look like they are the provider of Singapore's Bitcoin ATMs. From the article, it sound like they are going to support another cryptocurrency instead of Bitcoin. Sound bad. ö.

[Denker]

I live in Singapore and I never heard of this company named Tembusu Systems.. :/. Look like they are the provider of Singapore's Bitcoin ATMs. From the article, it sound like they are going to support another cryptocurrency instead of Bitcoin. Sound bad. ö.

Yepp.It sounds they prefer a more centralized version of crypto.They mentioned Ripple as a kind of model.