NCR Corporation, a prominent producer of automated teller machines (ATMs), has allowed users to purchase and sell digital currencies on its more than 750k ATMs and digital touchpoints across 140 nations, bringing Bitcoin and digital currencies one step closer to widespread usage.
LibertyX, a cryptocurrency exchange, has been acquired by NCR
The news comes after NCR announced the purchase of LibertyX, an ATM network and bitcoin software vendor, for an unknown sum. Last August, NCR announced its intention to buy LibertyX.
Independent ATM operators also are collaborating with the cryptocurrency software vendor. Cardtronics, for example, owns and operates ATMs in supermarkets, pharmacies, and convenience shops throughout the United States.
NCR will use its expertise to give expanded crypto solutions to clients via its physical and digital platforms, as LibertyX’s digital asset solution is presently available on ATMs, kiosks, and point-of-sale (POS) systems.
Via NCR’s digital wallet and mobile apps, the solution is offered to restaurants, merchants, and banks. Clients will buy and sell cryptos, accept cryptocurrency payments, and send money internationally.
“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,” stated Don Layden, EVP & President, Payments & Network, NCR Corporation.
Popularity of cryptocurrencies
In the meantime, as digital currencies gain popularity, mainstream corporations are getting engaged and promoting adoption by making it simpler for consumers to access, invest in, and spend digital assets daily.
Voyager Digital Ltd, a digital currency broker, paid $84 million for cryptocurrency payment provider Coinify in August 2021 as part of its strategic intentions to make such assets accessible internationally.
After purchasing the largest “buy now, pay later” (BNPL) platform for a record $29 billion in August 2021, financial behemoth Square made it simple for Afterpay’s 3.6 million consumers to acquire bitcoin.