NCR Corporation Acquires Crypto ATM Provider LibertyX to Introduce a Complete Digital Currency Solution
Annie Li Aug 03, 2021 09:30
Atlanta-based leading enterprise technology provider NCR Corporation in Georgia State announced the acquisition of cryptocurrency software provider & cryptocurrency ATM provider LibertyX.
Atlanta-based leading enterprise technology provider NCR Corporation in Georgia State announced on August 2 the acquisition of cryptocurrency software provider & cryptocurrency ATM provider LibertyX.
The acquisition aims to integrate the LibertyX mobile application so that customers of NCR Corporation such as banks, retailers, and restaurants will soon be able to use digital currency to pay and purchase or withdraw cryptocurrencies directly from its Bitcoin (BTC) ATM network. This will accelerate the expansion of the scope and scale of NCR Corporation's software.
Tim Vanderham, the Chief Technology Officer of NCR Corporation, responded to the acquisition by saying:
"Due to growing consumer demand, our customers require a complete digital currency solution, including the ability to buy and sell cryptocurrency, conduct cross-border remittance and accept digital currency payments across digital and physical channels."
The official documents released did not disclose specific transaction details. The transaction is expected to be completed later this year.
NCR Corporation officially stated that the LibertyX digital currency solution is already very mature in ATMs, kiosks, and point-of-sale (POS) systems. Therefore, this acquisition can effectively integrate NCR's digital wallet and mobile applications to provide an integrated digital currency solution on NCR's physical and digital touchpoints.
LibertyX is one of America's first and largest networks of bitcoin ATMs, cashiers, and kiosks. The company claims that it currently provides 9,500 encrypted ATM services for 20,000 retail stores in the United States. LibertyX is also among the first manufacturers to launch retail Bitcoin ATMs.
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