Cashtic - Peer ATM Network

In a world where accessing your own money has become an expensive ordeal, Cashtic Peer ATM Network emerges as the revolutionary answer to a financial dilemma that's been quietly draining wallets for over two decades. According to Bankrate’s 2024 Checking Account and ATM Fee Study, the average out-of-network ATM withdrawal fee has skyrocketed to an all-time high of $4.77—a staggering leap since records began in 1998. In cities like Atlanta, fees are topping $5.33 per transaction. The message is clear: your cash is under siege.

Carrying cash comes with serious risks, as a recent shocking incident in Budapest has shown. Last year’s Hungarian boxing champion, Valentin Koloszár, shared on his TikTok account how he became a victim of a criminal group at the Népliget bus station. The athlete was tricked out of 20,000 Hungarian forints (about 50 USD) in cash and then threatened with a knife, highlighting the dangers of handling cash.

The Cash Trap

Three years after the onset of the Covid-19 pandemic, cash continues to assert its resilience in France’s payment landscape, standing strong against the burgeoning tide of digital transactions. According to Banque de France Bulletin no. 245: Article 5, and supported by the European Central Bank's latest SPACE II survey covering October 2021 to June 2022, cash remains the most widely used payment method at points of sale in France, accounting for 50% of transaction volumes.

In a stunning twist, China, the global leader in digital payments, is hitting the brakes on its rapid transition to a cashless society. The mighty renminbi is reclaiming its throne, as Beijing implements measures to make cash payments easier amidst mounting difficulties faced by tourists and elderly citizens in navigating the country’s dominant digital payment landscape.

Frankfurt, 17 January 2024 - In a groundbreaking study, the Bundesbank has painted a vivid picture of the future of cash, unveiling three potential scenarios for its use by 2037. As digital payment methods gain ground, the fate of physical currency hangs in the balance, prompting urgent calls for action to preserve cash as a viable option.

The Digital Domination Scenario: Cash Becomes Obsolete