Enterprise technology provider NCR Corporation has announced its agreement to buy LibertyX, the company that launched one of the first retail Bitcoin ATMs. LibertyX currently services 20,000 retail stores in the U.S. with 9,500 crypto ATMs.
In a announcement, NCR said it hopes to buy LibertyX later this year depending on regulatory licensing and approvals. The firm said it planned to offer LibertyX’s as part of its solutions for banks, retailers and restaurants, implying NCR clients could see crypto withdrawals, purchasing and payment features after the deal is finalized.
LibertyX has allowed customers to make purchases with crypto currencies at a variety of retailers in the United States using its mobile app or through its network of Bitcoin ATMs.
There are more than 24,481 crypto ATMs in the world at the time of publication, with the market experiencing exponential growth in 2021. Bitcoin Depot, one of the largest holders of the Bitcoin ATM network, recently announced a partnership with convenience store Circle K, resulting in the installation of more than 700 Bitcoin ATMs in the U.S. and Canada.
