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

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.

Read more: Crypto ATM Installations Have Increased Over 70% This Year

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