Technology/Services

NCR Completes Purchase of Crypto Software Firm

Deal gives retailers ability to accept digital currency payments
convenience store cryptocurrency
Photograph: Shutterstock

ATLANTA — NCR Corp. has completed the transaction to acquire LibertyX, a cryptocurrency software provider. The acquisition accelerates NCR’s ability to deliver digital currency capabilities to its customers, including the ability to buy and sell cryptocurrency, conduct cross-border remittance and accept digital currency payments across digital and physical channels.

“The completion of this transaction enhances our ability to provide digital currency solutions and capabilities that help run our customers’ businesses,” said Don Layden, executive vice president and president of payments and network for NCR. “We are pleased to welcome LibertyX and its outstanding team to NCR.”

The LibertyX digital currency software runs on ATMs, kiosks and point-of-sale (POS) systems today. LibertyX partners with ATM operators, like NCR’s Cardtronics, who owns and manages ATMs and the Allpoint network in the United States at convenience stores and other retail locations. Moving forward, NCR will use its Pay360 platform to offer the LibertyX capabilities as part of its offer for banks, retailers and restaurants. NCR Pay360 provides financial institutions a way to enable cash-in and cash-out transactions from their mobile banking app, website or customer service centers.

On August 2, 2021, NCR and LibertyX announced that they had entered into a definitive agreement under which NCR would acquire LibertyX. The transaction includes LibertyX’s cryptocurrency remittance business, LibertyPay. The companies did not disclose the financial terms of the transaction.

Atlanta-based NCR is an enterprise technology provider that runs stores, restaurants and self-directed banking.

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