NCR Corp, an enterprise technology provider, has agreed to acquire LibertyX, a cryptocurrency software provider.
“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,” said Tim Vanderham, chief technology officer for NCR Corp. “The LibertyX solution will accelerate our ability to rapidly deliver these capabilities to the market.”
The solution runs on ATMs, kiosks and point-of-sale systems today. LibertyX partners with independent ATM operators, like Cardtronics, who own and manage ATMs in the U.S. at locations like convenience stores, pharmacies and supermarkets.
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.
“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 and CEO of LibertyX. “We look forward to offering NCR’s customers the ability to quickly and easily offer the digital payments and cryptocurrency capabilities consumers want, while significantly expanding the scope, scale and reach of our software.”
Financial terms of the transaction were not disclosed. The transaction is expected to close later this year. It is subject to customary closing conditions, including obtaining certain regulatory licensing consents and approvals.
NCR Corp. is a leading software- and services-led enterprise provider in the financial, retail and hospitality industries. NCR is headquartered in Atlanta, Georgia, with 36,000 employees globally. NCR is a trademark of NCR Corp. in the U.S. and other countries.
