NCR Announces Acquisition of Cryptocurrency Leader LibertyX

NCR Corporation, a leading software- and services-led enterprise provider in the financial, retail and hospitality industries, announced that it has signed a definitive agreement to acquire LibertyX, a leading cryptocurrency software provider.

According to the official press release, NCR is planning to provide complete digital currency solution for Banks, Retailers and Restaurants. The latest acquisition will enable NCR to accelerate its ability to rapidly deliver the digital currency solution to the market.

The LibertyX digital currency solution runs on ATMs, kiosks and point-of-sale (POS) 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 & CEO, 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.”