NCR Corporation, in recent news, has agreed to buy Bitcoin ATM company LibertyX, the company currently services 20,000 retail stores in the U.S. with 9,500 crypto ATMs.
NCR said in a statement on Monday that it expects to buy LibertyX later this year, assuming regulatory consents and approvals.
The company said it aimed to include LibertyX’s capabilities in its solutions for banks, shops, and restaurants, meaning that NCR customers will be able to make crypto withdrawals, purchases, and payments once the merger is done.
“Our customers want a completely digital currency solution, including the ability to purchase and sell cryptocurrencies, send and receive cross-border remittances, and accept digital currency payments across digital and physical channels,” said Tim Vanderham, NCR’s chief technology officer.
Users can utilize LibertyX’s mobile app or its network of Bitcoin (BTC) ATMs to make crypto purchases at a number of businesses around the United States. According to the company, it presently has 9,500 crypto ATMs in 20,000 retail locations across the United States.
At the time of publication, there were more than 24,481 crypto ATMs around the world, according to CoinATMRadar, with the market expected to rise exponentially in 2021.
Bitcoin Depot, one of the largest Bitcoin ATM network owners, recently announced a deal with convenience store Circle K, which would result in the installation of over 700 Bitcoin ATMs across the United States and Canada.