NCR has teamed up with UAE cryptocurrency exchange CoinHub to enable users to make cash withdrawals from their bitcoin accounts at the ATM. NCR says the execution of the cryptocurrency transaction is as simple as any other at the cashpoint - 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 current or savings accounts, the user can opt to withdraw funds from their linked CoinHub cryptocurrency account.Panicos Demetriades, vice president, professional services, NCR Financial Services, says: “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.”
US cash machine company NCR is partnering with cryptocurrency exchange CoinHub to allow customers in the UAE to make cash withdrawals from their bitcoin accounts. The partnership will see users of both services able to use a single card for all transactions and withdraw up to Dh10,000 ($1,500) per month.