Enterprise Technology provider NCR Corporation is set to acquire LibertyX, a leading cryptocurrency software provider.
NCR Corporation said in the news release it had signed an agreement to acquire LibertyX. It hopes to offer customers the ability to make quick and easy digital currency payments.
“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 payment across digital and physical channels,” said Tim Vanderham, Chief Technology Officer, NCR Corporation. “The LibertyX solution will accelerate our ability to rapidly deliver these capabilities to the market.”
Software from LibertyX runs on ATMs, Kiosks and point-of-sale (PoS) systems. LibertyX partners with independent ATM operators like Cardtronics. Cardtronics manages ATMs in the U.S at locations like Convenience stores, pharmacies, and supermarkets.
NCR Plans offers LibertyX’s capabilities to banks, retailers and restaurants through its digital wallet and mobile application.
“NCR is an industry leader in banking, retail and hospitality and has a tremendous customer base across our growth markets,” said Chris Yim, co-founder & CEO, LibertyX.
The financial terms of the transaction were not disclosed. The transaction is expected to close later this 2021. It is subject to customary closing conditions, including obtaining specific regulatory licensing consents and approvals.