Recently, NCR Corporation, a leading enterprise technology provider, signed a definitive agreement to acquire LibertyX.
Leading cryptocurrency software provider and ATM-network firm, LibertyX has collaboration with independent ATM operators, like Cardtronics, who own and manage ATMs in the United States at locations like convenience stores, pharmacies, and supermarkets.
Well, LibertyX's digital currency solution runs on ATMs, kiosks and point-of-sale (POS) systems today. NCR has plans to offer the LibertyX capabilities as part of its solutions for banks, retailers and restaurants. NCR Corporation's digital wallet and mobile applications will offer these capabilities across NCR’s physical and digital touchpoints.
Terms of the transaction were not disclosed. The deal is expected to close later this year.
Tim Vanderham, Chief Technology Officer,
NCR Corporation, said, "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 LibertyX solution will accelerate our ability to rapidly deliver these capabilities to the market.”
Headquartered in Atlanta, Ga., with 36,000 employees worldwide; NCR Corporation is a leading software and services-led enterprise provider in the retail, financial, and hospitality industries.
According to LibertyX, it currently services 20,000 retail stores in the United States with 9,500 crypto ATMs. Co-founder & CEO of LibertyX, Chris Yim, said that LibertyX is looking forward to offer NCR’s customers the ability to rapidly and easily offer the digital payments and cryptocurrency capabilities consumers need, while greatly expanding the scope, scale and reach of LibertyX's software.