Bitcoin and cryptocurrencies are one step closer to mainstream adoption as NCR Corporation, a leading manufacturer of automated teller machines (ATMs), has enabled customers to buy and sell crypto assets on its more than 750k ATMs and digital touchpoints across 140 countries.
NCR Acquires Crypto Firm LibertyX
The development comes after NCR announced the acquisition of ATM network company and cryptocurrency software provider LibertyX for an undisclosed amount. NCR initially outlined plans to acquire LibertyX last August.
The crypto software provider already has existing partnerships with independent ATM operators. This includes Cardtronics, which owns and manages ATMs in the United States at locations like supermarkets, pharmacies, and convenience stores.
Since LibertyX digital asset solution currently runs on ATMs, kiosks, and point-of-sale (POS) systems, NCR will utilize its capabilities to provide enhanced crypto solutions to customers through its physical and digital platforms.
The solution is available to restaurants, retailers, and banks through NCR’s digital wallet and mobile applications. Clients will be able to purchase and sell digital currencies, accept crypto payments, and conduct cross-border remittances.
Speaking on the acquisition, Don Layden, EVP & President, Payments & Network, NCR Corporation, said:
“The completion of this transaction enhances our ability to provide digital currency solutions and capabilities that help run our customers’ businesses. We are pleased to welcome LibertyX and its outstanding team to NCR.”
Meanwhile, as cryptocurrencies continue to gain relevance, mainstream companies are getting involved and pushing adoption by making it easier for users to access, invest, and spend digital assets every day.
In August 2021, digital currency broker Voyager Digital Ltd acquired crypto payment platform Coinify for $84 million as part of its strategic plans to make such assets accessible globally.
Similarly, fintech giant Square made it easy for Afterpay’s 3.6 million customers to purchase bitcoin after acquiring the leading “buy now, pay later” (BNPL) platform for a whopping $29 billion in August 2021.
Featured Image Courtesy of NCR