NCR Corporations announced the acquisition of LibertyX. NCR is the industry’s leading enterprise of technology providers, whereas LibertyX is a crypto software provider. According to the Chief Technology Officer of NCR Corporation, Tim Vanderham, the growing customer demand generated advancement to a completely digital currency solution. They aim to develop a platform where users can buy and sell cryptocurrency, accepting digital currency across the physical and digital channels. The addition of LibertyX will amplify their ability to perform on-demand rapidly.
As far as LibertyX is concerned, the virtual currency runs on Kiosks, ATMs, POS (Point-of-sale) systems. They have joined hands with independent ATM operators such as Cardtronics. The company manages ATMs at supermarkets, pharmacies, and convenience stores in the US. LibertyX is the industry’s leading name when it comes to cryptocurrency software providers.
NCR Corporation, along with LibertyX, will offer combined services in banks, restaurants, and retailers solutions. In addition, the digital wallet and mobile application powered by NCR will offer these combined capabilities across the digital and physical touchpoints.
As per CEO & Co-founder of LibertyX, Chris Yim, NCR is among the leaders in banking, hospitality, and retail. The company enjoys a tremendous customer base across the markets. The arrangement with NCR aims to provide quick access to digital payments and crypto capabilities. They are looking forward to expanding their reach in the future.
The financial terms of the aforesaid transaction are still under wraps. Reportedly, the same will close later somewhere by the end of this year. The acquisition of LibertyX by NCR corporations seems extremely prospective.