Technology Provider NCR to Acquire Crypto Firm LibertyX

NCR, the US-based enterprise Technology Provider Technology Provider A technology provider is an individual, company, or entity that creates, render services and sells software applications or hardware. Currently, there are four types of tech providers which are as followed:Software-as-a-Service (SaaS) – Functioning as a subscription-based licensing and delivery model, SaaS is centrally hosted and may also be referred to as on-demand software. Tech Hardware – Powerful tech providers such as Apple, Oculus Rift, FitBit, and Samsung are examples of tech hardware pro A technology provider is an individual, company, or entity that creates, render services and sells software applications or hardware. Currently, there are four types of tech providers which are as followed:Software-as-a-Service (SaaS) – Functioning as a subscription-based licensing and delivery model, SaaS is centrally hosted and may also be referred to as on-demand software. Tech Hardware – Powerful tech providers such as Apple, Oculus Rift, FitBit, and Samsung are examples of tech hardware pro Read this Term, recently announced that the company has signed a definitive agreement to acquire LibertyX, one of the leading crypto software providers.

According to an official announcement, the transaction is expected to close later this year, subject to closing conditions and certain regulatory approvals. The financial terms of the mentioned transaction were not disclosed.

LibertyX is a prominent crypto services provider in the US. The Boston-based company offers various crypto solutions that run on ATMs, kiosks and point-of-sale (POS) systems. LibertyX formed several partnerships with leading crypto firms in the US including independent ATM operators, like Cardtronics, who own and manage ATMs in the US at locations like convenience stores, pharmacies and supermarkets.

Commenting on the latest announcement, Tim Vanderham, Chief Technology Officer at NCR Corporation, said: “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 Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term across digital and physical channels. The LibertyX solution will accelerate our ability to rapidly deliver these capabilities to the market.”

NCR Corporation

NCR provides technology services for the financial, retail and hospitality sector. NCR is listed on the New York Stock Exchange with headquarters in Atlanta. The company has more than 36,000 employees globally. The technology provider mentioned that the company will offer the LibertyX capabilities as part of its solutions for banks, retailers and restaurants. The company’s digital wallet and mobile applications will provide these capabilities across NCR’s physical and digital touchpoints.

“NCR is an industry leader in banking, retail and hospitality, and has a tremendous customer base across our growth markets. We look forward to offering NCR’s customers the ability to quickly and easily offer the digital payments and cryptocurrency capabilities consumers want, while significantly expanding the scope, scale and reach of our software,” Chris Yim, Co-Founder & CEO of LibertyX, mentioned in the latest announcement.