NCR introduces Bitcoin-enabled ATMs to UAE
Written by Chris Lemmon
NCR Corporation has announced a partnership with CoinHub, a cryptocurrency exchange in the UAE, to enable users to make cash withdrawals from their cryptocurrency account at ATMs.
Through NCR’s CxBanking software, users will be able to access their bitcoin funds as simply 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.
Panicos Demetriades, vice president of professional services at NCR, commented: “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.
“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.”