NCR, a major American manufacturer of ATMs and other specialized equipment, has announced that it has signed an agreement to buy out LibertyX, a crypto ATM operator.
LibertyX was founded in 2013 and now operates over 10,000 ATMs in the United States. As LibertyX co-founder and CEO Chris Yim pointed out in a press release, this is the first time a crypto ATM operator has been bought out in history.
NCR CTO Tim Vanderham said the acquisition of LibertyX will help the company create new digital asset products, including buying and selling cryptocurrencies, making international transfers and accepting payments in digital assets.
“The acquisition of LibertyX will significantly accelerate the development and time to market for these features,” Vanderham said.
LibertyX software can be run not only on special cryptomats, but also on traditional ATMs and self-service terminals. Financial details were not disclosed, but the deal should be completed this year.
“We are delighted to offer NCR customers the ability to quickly and easily buy and sell cryptocurrencies and make payments in digital assets. This is what consumers need, and thanks to the deal, we will significantly increase the audience of our software users, ”said Yim.
In early July, NCR entered into a partnership with NYDIG, under which about 650 banks in the United States will be able to offer their customers the opportunity to buy bitcoin.
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