Sun. Sep 19th, 2021

Credit: financemagnates.com

The financial terms of the transaction were not disclosed.

NCR, the US-based enterprise technology provider, recently announced that the company has signed a definitive agreement to acquire LibertyX, one of the leading crypto software providers.

According to an official announcement, the transaction is expected to close later this year, subject to closing conditions and certain regulatory approvals. The financial terms of the mentioned transaction were not disclosed.

LibertyX is a prominent crypto services provider in the US. The Boston-based company offers various crypto solutions that run on ATMs, kiosks and point-of-sale (POS) systems. LibertyX formed several partnerships with leading crypto firms in the US including independent ATM operators, like Cardtronics, who own and manage ATMs in the US at locations like convenience stores, pharmacies and supermarkets.

Commenting on the latest announcement, Tim Vanderham, Chief Technology Officer at NCR Corporation, said: “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. The LibertyX solution will accelerate our ability to rapidly deliver these capabilities to the market.”

NCR provides technology services for the financial, retail and hospitality sector. NCR is listed on the New York Stock Exchange with headquarters in Atlanta. The company has more than 36,000 employees globally. The technology provider mentioned that the company will offer the LibertyX capabilities as part of its solutions for banks, retailers and restaurants. The company’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. 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,” Chris Yim, Co-Founder & CEO of LibertyX, mentioned in the latest announcement.