NCR to Buy LibertyX to Add Digital-Currency Software to Digital Wallet, Mobile Apps
2 Aug, 2021•1 min read•Other
NCR Corporation (NYSE: NCR), one of the world’s largest makers of automated teller machines (ATMs), agreed to acquire cryptocurrency software provider and ATM-network firm LibertyX .
Atlanta-headquartered NCR said it plans to integrate LibertyX capabilities and make them available to banks, retailers and restaurants through its digital wallet and mobile applications. LibertyX’s digital-currency software runs on ATMs, kiosks and point-of-sale partners such as Cardtronics, which owns and manages ATMs in the U.S. at locations such as convenience stores, pharmacies, and supermarkets. “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,” NCR CTO Tim Vanderham said. As reported by CoinDesk last month, the number of crypto ATMs installed globally has increased by more than 70% this year to 24,030. Terms of the deal were not disclosed.