NCR First in the UAE to Introduce Bitcoin-Enabled ATMs
DUBAI, UAE. – December 18, 2017 – NCR Corporation (NYSE: NCR), a global leader in omni-channel solutions, today announced that it has teamed-up with CoinHub, a cryptocurrency exchange in the UAE, to enable users to make cash withdrawals from their cryptocurrency account at the ATM. NCR’s CxBanking software will provide users in the UAE easy access to their bitcoin funds.
“This locally conceptualized solution is yet another example of how NCR, a dominant ATM and payments player in the UAE, is investing in innovation to make every user’s interaction with their bank exceptional,” said Panicos Demetriades, Vice President, Professional Services, NCR Financial Services. “When we first showcased this solution to mark the 50th anniversary of the ATM last year, the positive feedback from our leading financial institution customers in the UAE helped guide our decision to bring this to market.”
The execution of the cryptocurrency transaction is as simple as any other transaction at the ATM – a withdrawal begins with authenticating the user either by scanning a standard ATM card or via cardless access with a mobile device. Similar to the selection of checking or savings accounts, the user can opt to withdraw funds from their linked CoinHub cryptocurrency account.
About NCR CorporationNCR Corporation (NYSE: NCR) is a leader in omni-channel solutions, turning everyday interactions with businesses into exceptional experiences. With its software, hardware, and portfolio of services, NCR enables nearly 700 million transactions daily across retail, financial, travel, hospitality, telecom and technology, and small business. NCR solutions run the everyday transactions that make your life easier. NCR is headquartered in Duluth, Ga., with over 30,000 employees and does business in 180 countries. NCR is a trademark of NCR Corporation in the United States and other countries. NCR encourages investors to visit its web site which is updated regularly with financial and other important information about NCR.
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Media Contacts:Rakesh AulayaNCR Corporation91- 22- 6195-4583rakesh.aulaya@ncr.com