Enterprise technology provider NCR Corporation has announced an agreement to buy LibertyX, the company that launched one of the first retail Bitcoin ATMs.
In a Monday announcement, NCR said it expected to purchase LibertyX later this year depending on regulatory licensing consents and approvals. The firm said it planned to offer LibertyX’s capabilities as part of its solutions for banks, retailers and restaurants, implying NCR clients could see crypto withdrawals, purchasing and payment features after the deal is finalized.
“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,” said NCR chief technology officer Tim Vanderham.
LibertyX has allowed users to make purchases with crypto at a variety of retailers in the United States using its mobile app or through its network of Bitcoin (BTC) ATMs. According to the firm, it currently services 20,000 retail stores in the United States with 9,500 crypto ATMs.
According to data from CoinATMRadar, there are more than 24,481 crypto ATMs in the world at the time of publication, with the market experiencing exponential growth in 2021. Bitcoin Depot, one of the largest holders of the Bitcoin ATM network, recently announced a partnership with convenience store Circle K, resulting in the installation of more than 700 Bitcoin ATMs in the U.S. and Canada.