NCR Corporation will acquire cryptocurrency software provider LibertyX and integrate its capabilities across its physical and digital touchpoints.
The LibertyX digital currency solution currently runs on ATMs, kiosks and point-of-sale (POS) systems. LibertyX also partners with independent ATM operators who own and manage ATMs in U.S. retailers, such as Cardtronics. NCR will offer the capabilities as part of its solutions for retailers, restaurants and banks, with its digital wallet and mobile applications providing capabilities across its physical and digital touchpoints.
Tim Vanderham, NCR chief technology officer, said consumer demand for digital currency solutions is growing, including the ability to buy and sell cryptocurrency, conduct cross-border remittance, and accept digital currency payments across digital and physical channels.
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The deal is expected to close later this year. Financial terms weren’t disclosed.