NCR, also known as National Cash Register, decided to capitalize on the ever-growing demand for cryptocurrency investments with banks and credit unions alike. In a historical deal, NCR is providing a solution for banks to trade cryptocurrencies with their services. This move might be the beginning of a new era where cryptocurrency can be traded even easier than it already is. On the NCR side of the book, by providing the clients a way to buy Bitcoin, the money actually flows to them and becomes resources that generate revenue for the company. However, by doing so, NCR will become a direct competitor with existing currency exchanges and deal with the regulatory requirements related to actually holding cryptocurrencies.
This $6 billion deal might be the key to introducing traditional investors into the cryptocurrency trading world, as it is directly implemented into the account they already have. Like how Zoom took over the video call business, not having to go the extra mile to open a crypto exchange account will surely increase Bitcoin’s exposure among average investors. Will you join the hype?
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