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NCR closes acquisition of cryptocurrency software provider Liberty X

NCR Corporation (NYSE: NCR), a global enterprise technology provider, today announced the completion of a previously announced transaction to acquire Liberty X, a leading cryptocurrency software provider.

LibertyX is joining NCR to accelerate NCR’s ability to quickly provide customers with a complete digital currency solution, including buying and selling cryptocurrencies, transnational transfers, and accepting digital currency payments across digital and physical channels. It has a strong strategic suitability. ..

Don Rayden, EVP and Payments & Network President of NCR Corporation, said: “We are pleased to welcome Liberty X and its excellent team to NCR.”

LibertyX digital currency solutions are currently running at ATMs, kiosks and point-of-sale systems. LibertyX has partnered with ATM operators such as NCR’s Cardtronics, which owns and manages US ATMs and Allpoint networks in convenience stores, pharmacies, supermarkets and other locations. Going forward, NCR will leverage the Pay360 platform to deliver Liberty X capabilities as part of its solution for banks, retailers and restaurants. NCR Pay360 provides financial institutions with a secure way to enable cash-in and cash-out transactions from mobile banking apps, websites and even customer service centers.

On August 2, 2021, NCR and Liberty X announced that they had reached a final agreement that NCR would acquire Liberty X. This transaction includes Liberty Pay, Liberty X’s cryptocurrency transfer business. The financial terms of the transaction have not been disclosed.

NCR closes acquisition of cryptocurrency software provider Liberty X

Source link NCR closes acquisition of cryptocurrency software provider Liberty X

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