Bitcoin Broker LibertyX Raises $400k for Hiring Push
LibertyX has raised more than $400,000 in funding from early-stage VC firm Project 11 as part of a seed round and its first public fundraising. Previously operating under the name Liberty Teller, LibertyX formally rebranded this December. The name change coincided with a shift in the company's services, from operating a small fleet of bitcoin ATMs in the greater Boston area to adding an in-person bitcoin buying network supported by 2,500 US merchants. Co-founder Chris Yim explained that the capital will be used to grow the LibertyX team, which today consists of just three employees, while....
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NCR Corp., a global leader in ATM software applications, has announced that it is acquiring Libertyx, the crypto company that claims to be “America’s first and largest network of bitcoin ATMs, cashiers, and kiosks.” NCR Acquires Libertyx NCR Corp. (NYSE: NCR), a leading enterprise technology provider, announced Monday “a definitive agreement to acquire Libertyx, a leading cryptocurrency software provider.” Libertyx claims to be “America’s first and largest network of bitcoin ATMs, cashiers, and kiosks.” Its software runs on ATMs, kiosks, and....
The Boston company that launched the first United States bitcoin ATM, LibertyX (formerly Liberty Teller), has announced its national expansion plan. The new plan will span the nation, including 33 states at over 2,500 locations. LibertyX will allow customers to locally purchase bitcoin quickly, safely, and conveniently. Customers will, effective immediately, be able to purchase bitcoin using cash. For new customers, a LibertyX Bitcoin Pin is purchased from the cashier. When the pin is redeemed online, bitcoin is immediately sent to the address you provide. This transaction is instant,....
LibertyX wants to provide instant Bitcoin cashouts as the token hits new 2020 highs. LibertyX, a major retail network of Bitcoin (BTC) ATMs in the United States, is expanding Bitcoin sales options at thousands of its ATMs.According to an Oct. 26 announcement, LibertyX has enabled a Bitcoin cashout feature at 5,000 regular ATMs across the United States. As such, consumers can now sell Bitcoin for cash at any of the participating ATMs.LibertyX CEO and co-founder Chris Yim said that previously, the firm’s software only supported Bitcoin purchases with debit cards. The latest addition allows....
Liberty Teller, the bitcoin ATM operator that manages machines in high-profile locations near US universities like Harvard and MIT, has officially rebranded as LibertyX, expanding its network with 2,500 new bitcoin buying locations in 33 US states. The announcement marks a dramatic expansion for the Boston-based company, which has partnered with transaction processing specialist Qpay to launch cash-for-bitcoin buying services at mobile phone and convenience stores around the country. LibertyX manages four ATM machines, but sees this new partnership as a way to expand and innovate its....
Libertyx has added a cash-out option to its 5,000 bitcoin ATMs. The CEO says this addition triples the number of bitcoin ATMs that allow users to cash out their bitcoin. He shares his business model with news.Bitcoin.com, providing insight into the bitcoin ATM usage trends he is seeing. 5,000 Bitcoin ATMs Now With Cash-Out Option Bitcoin ATM operator Libertyx announced Monday that 5,000 ATMs in its network now allow users to cash out their bitcoin. Besides the vast network of bitcoin ATMs (BTMs) in the U.S., Libertyx allows customers to buy bitcoin at 20,000 convenient stores, including....