Atlanta-headquartered banking solutions provider NCR Atleos Corporation has rolled out a new LibertyX Bitcoin Cashout feature, enabling enrolled LibertyX customers to sell bitcoins to collect their cash at a range of ATMs across the United States.

The feature implements the Atleos ReadyCode API suite, a one-time use code system developed by Atleos that allows users to complete daily transactions without the use of cards or traditional networks.

The system supports a range of cash in and out solutions as an embedded finance tool and is currently used by program managers, financial institutions, and merchants.

ReadyCode enabled ATMs will allow enrolled LibertyX customers to receive their cash at a range of locations using the locator within the LibertyX mobile app, with the firm planning to start their rollout in 30 states.

NCR Atleos said that once the service is implemented in all participating ATMs, transaction points will be located within five miles for about 75 percent of Americans.

“Adding an offramp for LibertyX users to convert digital assets to physical cash enhances the value proposition of LibertyX, grows foot traffic at participating merchants, and increases the productivity of our ATMs,” said Stuart Mackinnon, chief operating officer of Atleos.

General manager at the firm Chris Yim highlighted how bitcoin to cash mobility still represents on the remaining barriers to bitcoin adoption due to extended waiting time for wire transfers.

“With LibertyX Bitcoin Cashout, LibertyX app users can pre-stage digital to physical transactions from the convenience and privacy of their phone and pick up their funds on their schedule in locations that work for them,” he said.

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