Elon Musk Denies Reports Of Bitcoin ATM At Nevada Gigafactory

KEY POINTS

  • Tesla CEO said reports of a Bitcoin ATM inside one of its facilities are inaccurate
  • LibertyX reportedly added Bitcoin selling feature to three ATMs at the facility
  • They can be accessed only by Tesla employees

Tesla CEO Elon Musk has denied recent reports that there is a Bitcoin ATM inside the car company’s Gigafactory in Nevada.

“I don’t think this is accurate,” Musk tweeted Monday, while replying to a tweet by news website Teslarati. The Teslarati tweet has since been deleted.

On Sunday, Will Reeves, the CEO of cryptocurrency payments and rewards app Fold, tweeted about spotting a LibertyX “bitcoin ATM at the Gigafactory,” along with a Google Maps image. LibertyX is a manufacturer of cryptocurrency ATMs in the United States. 

News outlet Finbold, on Sunday, reported that the LibertyX Bitcoin ATM, mentioned in the tweet, was in existence at the Gigafactory since August and it was only available to Tesla employees. The report said LibertyX did not install any new ATM kiosk but added Bitcoin selling feature to three ATMs that were already there at the facility.

In a statement to Finbold, the firm said it partnered with ATM manufacturers Genmega and Hyosung to offer “Bitcoin software preinstalled on traditional ATMs. Once operators activate the feature, consumers can start buying bitcoin with their debit card from ATMs nationwide.” 

LibertyX said there are already 5,000 ATMs with the feature activated in various locations across the nation and it is planning to roll out to more than 100,000 ATMs after this year.

Musk was a known advocate of cryptocurrency, although he claimed he only owns 0.25 BTC. Some recent data showed similarities between the benchmark cryptocurrency and Tesla stock.

In the past, people even speculated that Musk is the real identity of Satoshi Nakomoto, the anonymous creator

NCR Introduces a New Digital First ATM Platform

NCR Corporation (NYSE: NCR), a banking software and services leader, announced today the release of NCR’s next-generation ATM software platform, NCR Activate Enterprise NextGen. Available now in the United States, the Activate Enterprise NextGen ATM platform makes it easier and faster to offer new digital services through the ATM by integrating physical and digital for a consistent customer experience.

The software platform is hardware independent and enables banks to deploy new customer experiences such as video teller collaboration and contactless technology in a simple to deploy ATM application.

“This new software expands the user experience and expands digital capabilities of ATMs. In the future of banking, we see the ATM becoming a dynamic, digital, self-service platform on which banks can deploy new services quickly,” said Frank Hauck, president and general manager, NCR Banking. “It can dramatically expand the features financial institutions can offer their customers and members. A significant number of our current ATM software customers have already committed to upgrading to Activate Enterprise.”

The new platform can run on all the leading ATM providers and is built in accordance with the ATMIA next-gen industry framework, an industry-wide initiative. These standards will accelerate deployment and adoption of a wide range of digital and extended banking services, using a modern user interface to provide a simple, tablet-like experience that consumers enjoy.

Learn more at https://www.ncr.com/banking/branch-transformation/activate-enterprise-nextgen

About NCR Corporation

NCR Corporation (NYSE: NCR) is a leading software- and services-led enterprise provider in the financial, retail and hospitality industries. NCR is headquartered in Atlanta, Ga., with 36,000 employees globally. NCR is a trademark of NCR Corporation in the United States and other countries.

Web site: www.ncr.com
Twitter: @NCRCorporation
Facebook: www.facebook.com/ncrcorp
LinkedIn: www.linkedin.com/company/ncr-corporation
YouTube: www.youtube.com/user/ncrcorporation

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20201005005259/en/

Contacts

Scott Sykes
(212) 589-8428
[email protected]

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