NCR Corporation Inks Deal to Buy Cryptocurrency ATM Operator LibertyX
US firm NCR Corporation has just announced it has completed the transaction to acquire crypto ATM operator LibertyX.
The corporation intends to use its own Pay360 platform to offer new opportunities within solutions for banks, retailers and restaurants. According to the statement:
“LibertyX is a good fit for NCR from a strategic standpoint as it accelerates its ability to rapidly deliver end-to-end solutions, including buying and selling cryptocurrencies, cross-border money transfers, and digital currency payments.”
NCR Corporation specializes in computing for retail chains, as well as banking, financial, travel and medical industries. The firm is included in the Fortune 500 list. Its shares are traded on the New York Stock Exchange at around $42.75 per share.
LibertyX, which was founded in 2013, manages more than 10,000 Bitcoin ATMs in the US. It supplies software to third-party operators like Cardtronics, which was also acquired by NCR Corporation in early 2021 for $2.4 billion.
In August 2021, NCR Corporation signed a definitive agreement to purchase LibertyX.
