The cryptocurrency world was excited about unsubstantiated rumors that Amazon planned to support cryptocurrency payments. However, the acquisition by NCR of crypto ATM firm LibertyX hasn’t attracted a ton of attention. In addition to ATMs, LibertyX’s software also runs at retail checkouts.
Let’s put the NCR acquisition in context. According to RBR, NCR has a 16% global market share of Point of Sale (PoS) software. In other words, if you buy any physical goods anywhere in the world, there’s a reasonable chance that the machine used at checkout is from NCR. Do you use a self-checkout unit at your local supermarket? NCR is a big player there too with a 31% market share of North American grocery stores. Now consider that machine might now support cryptocurrency.
But it doesn’t end there. NCR isn’t just a major PoS provider. It’s also the global market leader in ATMs with a 25% market share in 2020 according to RBR.
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