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FinancialNews


  • 20-12-17

    UAE makes cryptocurrency withdrawals possible at its ATMs

    (MENAFN) So as to grant users the ability of performing cash withdrawals at the ATM from their cryptocurrency account, NCR Corporation declared Tuesday that it has collaborated with the UAE-based cryptocurrency exchange, CoinHub.

    The corporation announced in a statement that its CxBanking software is to guarantee users in the UAE to be offered easy access to their bitcoin funds.

    Vice president Panicos Demetriades of NCR Financial Services stated "this locally conceptualised 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."

    He continued "when we first showcased this solution to mark the 50th anniversary of the ATM this year, the positive feedback from our leading financial institution customers in the UAE helped guide our decision to bring this to market."

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