NCR to Buy LibertyX to Add Digital-Currency Software to Digital Wallet, Mobile Apps

The acquisition will make LibertyX capabilities available to banks, restaurants and retailers.

By Tanzeel Akhtar, Danny Nelson

Aug 2, 2021 at 4:33 p.m. UTC

Updated Sep 14, 2021 at 1:34 p.m. UTC

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NCR Corporation (NYSE: NCR), one of the world’s largest makers of automated teller machines (ATMs), agreed to acquire cryptocurrency software provider and ATM-network firm LibertyX in an all-stock deal worth $73 million at market close Tuesday.

NCR will pay 1.66 million shares for LibertyX, said CFO Tim Oliver on his Tuesday earnings call. The parties had not initially disclosed the terms.
Atlanta-headquartered NCR said it plans to integrate LibertyX capabilities and make them available to banks, retailers and restaurants through its digital wallet and mobile applications.
LibertyX’s digital-currency software runs on ATMs, kiosks and point-of-sale partners such as Cardtronics, which owns and manages ATMs in the U.S. at locations such as convenience stores, pharmacies and supermarkets.
“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,” NCR CTO Tim Vanderham said.
As reported by CoinDesk last month, the number of crypto ATMs installed globally has increased by more than 70% this year to 24,030.

UPDATE: August 4, 2021, 10:30 EDT: Transaction details added.

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