NCR IT Company plans to buy Bitcoin ATM company LibertyX
According to the official statement of NCR, Company signed an agreement that will give the right for NCR to acquire LibertyX.
NCR is a information technology based company and they have huge interest in blockchain technology & development work. LibertyX is a bitcoin ATM machine installer company. LibertyX is one of the first companies which installed the first Bitcoin ATM machine.
On Monday, NCR announced that they may buy & acquire a giant Bitcoin ATM company LibertyX. Both sides agree but there are many things in their acquisition agreement. Because there are few important factors, which are, regulatory license, legalization issues & approval from the security authorities.
NCR is planning to give solutions against banking limitations, retailers and restaurants. And their one another aimed is also to provide for their NCR clients a service in which they could see crypto withdrawals, purchasing and payment features after the deal gets final.
“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,”
Tim Vanderham NCR chief technology officer
Probably this partnership will give exposure to the crypto assets at a huge level. Because LibertyX has a large impact in the practical life of crypto users. They installed ATM machines in 20,000 retail stores in the United States with 9,500 crypto ATM machines.
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