NCR Corp, a leading enterprise technology provider, announced Monday “a definitive agreement to acquire Libertyx, a leading cryptocurrency software provider.” Libertyx claims to be “America’s first and largest network of bitcoin ATMs, cashiers, and kiosks.” Its software runs on ATMs, kiosks, and point-of-sale (POS) systems, allowing customers to buy BTC at more than 20K retail stores and 9,500 traditional ATMs.
NCR’s website states that the company is the number one “global provider of multi-vendor ATM software applications and middleware” and “the world’s #1 ATM brand,” with more than 650K ATMs installed globally. The company also claims that more than 15 million consumers are using its digital banking solution. NCR’s products are distributed in 141 countries. Research firm RBR ranks NCR as the largest provider of point-of-sale software to grocery and other retail stores globally, with a 45% market share.
Tim Vanderham, NCR’s chief technology officer, commented:
“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.”
“Moving forward, NCR will offer the Libertyx capabilities as part of its solutions for banks, retailers and restaurants. NCR’s digital wallet and mobile applications will provide these capabilities across NCR’s physical and digital touchpoints,” the announcement details.
While the financial terms of the transaction have not been disclosed, the transaction is expected to close later this year, subject to customary closing conditions, including obtaining certain regulatory licensing consents and approvals. In June, New York Digital Investment Group (NYDIG) announced a collaboration with NCR to allow 650 banks and credit unions in the U.S. to offer bitcoin trading to their customers through their mobile applications.