Topic: NCR Corporation plans to purchase Bitcoin ATM company LibertyX (Read 112 times)

Yep, there are tons of BTCATMs in the US and the number has increased at a crazy rate in the last year or so.  I wrote a post not too long ago in which I said that there are 4 **edit: I just checked, and now there's 5!** of them in my town (which isn't that big) right now, whereas there was only 1 (which wasn't even working) just over a year ago.  There are even more popping up in neighboring towns, which are also not large in terms of population, and in case anyone isn't aware of coinatmradar, it's an excellent website that shows you where all of the BTCATMs are in the world.

What I wonder is whether those machines are seeing much use.  What I do know is that the various gas stations/convenience stores in which my local ones are located don't accept crypto as payment, nor do any of the local businesses (AFAIK).  So while I think it's probably a good thing that NCR is buying LibertyX, I wonder if they're going to try to entice merchants in the neighborhoods around these ATMs to accept bitcoin.  If they don't, then there's no urgency for people to buy crypto using them--plus, people are going to prefer to spend fiat anyway.  

Why would anyone put their $20-100 bills into a BTCATM (and pay the markup) simply to spend the crypto they get on something they could pay for faster and with no fees?  That's the main problem that nobody has come up with a good answer for.

Enterprise technology provider NCR Corporation has announced its intention to buy LibertyX, the company that launched one of the first Bitcoin ATMs.
The NCR said it expects to buy LibertyX later this year subject to the consent and legal licenses. The company said it plans to offer LibertyX capabilities as part of its solutions for banks, retailers, and restaurants, meaning NCR customers can pay for purchase features after the transaction is finalized. And observe cryptocurrency payment.
"Our customers need a complete cryptocurrency solution, including the ability to buy and sell cryptocurrencies, make cross-border remittances and accept digital currency payments on digital and physical channels," said Tim Vanderham, Senior Director of NCR Technology. have."
LibertyX allows users to make purchases with cryptocurrency using their mobile app or through the Bitcoin ATM with a variety of retail stores in the United States. The company said, it currently serves 20,000 retail stores in the United States with 9,500 cryptocurrency ATMs.
According to CoinATMRadar, there are more than 24,481 cryptocurrency ATMs in the world, with the market experiencing significant growth in 2021. Bitcoin Depot, one of the largest holders of the Bitcoin ATM network, recently announced a partnership with the Circle K Store, which has led to the installation of more than 700 Bitcoin ATMs in the United States and Canada.


Source: https://cointelegraph.com/news/ncr-corporation-plans-to-purchase-bitcoin-atm-company-libertyx