NCR to Buy LibertyX to Add Digital-Currency Software to Digital Wallet, Mobile Apps

·1 min read

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.

Read more: Crypto ATM Installations Have Increased Over 70% This Year

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