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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