The American company NCR, which produces terminals for retail outlets and other payment equipment, on Monday announced the acquisition of the operator of the bitcoin terminal network LibertyX.
According to the press release, the companies have already concluded a final agreement. It is planned to close the deal by the end of the year on the basis of current conditions, including regulatory approval. The amount of the agreement was not disclosed.
"This is the first acquisition by any company, public or closed, of a bitcoin terminal operator," said Chris Yim, co-founder and CEO of LibertyX.
LibertyX was founded in 2013 and currently serves more than 10,000 bitcoin terminals. The company cooperates with operators of ATMs and other payment devices, such as Cardtronics. NCR acquired Cardtronics in 2021 for $2.5 billion.
Tim Vanderham, Director of technology at NCR, said that LibertyX will help his company develop various solutions for working with digital currencies, including for buying and selling cryptocurrencies, cross-border transfers, as well as accepting payments on the Internet and in the real world. It is noted that such solutions can be focused on banks, retail outlets and restaurants.
"We intend to offer NCR customers the ability to make digital payments quickly and easily, while significantly expanding the coverage of our software," Yim added.
NCR is included in the Fortune 500 list, which includes the largest US corporations by total income.