Cashtic - Peer ATM Network

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The Grand Demonetisation Drama: How Cash Continues to Defy Digital Dominance in India

In a dramatic and unforeseen move in November 2016, India annihilated two of its highest-denomination banknotes, effectively obliterating 86% of the nation’s currency in circulation overnight. This bold maneuver, dubbed Demonetisation, aimed to dismantle rampant corruption and siphon out hidden wealth. The immediate aftermath was a pandemonium of serpentine queues outside banks and ATMs, with critics decrying the policy for disproportionately afflicting the impoverished and crippling India's vast informal economy.

Cash Comeback: A Decade-High Surge as Britons Battle Soaring Prices!

In a stunning twist, cash payments surged for the first time in ten years as Britons grappled with skyrocketing costs. Yet, the mighty debit card reigns supreme, commanding half of all transactions and hitting a record high.

As wallets tighten, cash is crowned the people's choice for budgeting. UK Finance reveals a fascinating shift: while nearly 22 million people sparingly touched cash, less than a million swore by it. Debit cards, beloved for their contactless convenience, saw a monumental rise, fueled by the new hybrid work era and a sharp decline in season ticket sales.

Bombshell report: Going Cashless Has Turned Sweden Into a High-Crime Nation
Sweden, a largely cashless society, faces rising digital crime, with online scams doubling to 1.2 billion kronor in 2023 (estimated to be as much as 2.5% of the country's GDP). This surge in fraud contributes significantly to the country's criminal economy. Authorities are balancing the need for tighter security with maintaining economic efficiency. BankID, Sweden's digital authorization, essential for many daily transactions, has become both a convenience and a vulnerability. Despite efforts to combat crime, the central bank acknowledges the continued legitimate use of cash.
đź’°Cash will be King foreverđź‘‘ - an analysis of cash usage statistics in the USA, EU, India, and China
Cash will be King at least in our lifetime! Look at the latest trends from the 4 largest economies in the world, US, EU, China and India based on data from the US Federal Reserve, the European Central Bank, the Reserve Bank of India, and the Bank of China. Is digital money and wire transfers overtaking cash, or its just a hype and marketing from Visa, Mastercard and digital bank startups?
So what is Money?
One of our most abstract, oldest, and useful tools in our society is money! Present in every country, used by every people in one form or another. But what is it?

Mission

Empower users by establishing an independent, trusted, and secure cash network, providing seamless access, and creating opportunities for financial growth.

Here is how we're hoping Cashtic will work for you, but results may vary:

Need cash? Skip the ATM! Cashtic connects you with nearby users (if any) to request and receive cash, all through your smartphone. It's a peer-to-peer ATM network that puts cash in your hands, 24/7.

Here's how we hope it will work:

  1. Request cash: Simply specify the amount, location and time (in a well-lit, guarded, public area like a police station).
  2. Connect with users: Nearby users see your request and can offer to provide cash. If no users are near you dont uninstall the app, as we will keep a record of your request and as new users join we will notify you.
  3. Choose your offer: Compare offers and pick the one that suits you best. Always do your own background check, and verify the user's ID before or during meeting as we don't do background checks.
  4. Meet and exchange: Chat with the user to arrange a safe meetup and exchange cash.
  5. Send payment: Use your preferred money transfer app (e.g., bank, PayPal) to send the agreed amount (including any commission). Remember, Cashtic itself doesn't handle money transfers.

Key benefits:

  • Fast and convenient: Access cash even outside banking hours or ATM locations.
  • Flexible and secure: Choose your user, arrange secure meetups in public areas, and verify ID before exchanging cash. Use trusted money transfer apps for payments.
  • Earn money: Users can set commissions and earn on every transaction.
  • Growing community: As more users join, finding cash nearby becomes easier!

Still in its early stages, Cashtic relies on your support! If you find no users nearby right away, be patient and don't uninstall the app - the community is growing rapidly. Invite your friends to expand the network and make accessing cash even more convenient for everyone.

Additional points to remember:

  • Safety first: Always meet in well-lit, public areas and verify the user's background and ID before exchanging cash.
  • App limitations: Cashtic doesn't handle money transfers directly at the moment. Use your preferred money transfer app for secure payments.

Download Cashtic today and experience the future of cash access!

Top 10 Cities with most Cashtic Users

City Cashtic User Count ATM count
Los Angeles, United States 484 133
Las Vegas, United States 434 12
Phoenix, United States 353 50
Houston, United States 301 133
San Antonio, United States 285 22
Portland, United States 233 194
Denver, United States 223 158
Jacksonville, United States 206 31
Dallas, United States 205 7
Columbus, United States 190 68

Top 10 Cities with most ATMs

City Cashtic User Count ATM count
Moscow, Russia 0 2501
Saint Petersburg, Russia 0 2078
Tehran, Iran 5 1815
Bengaluru, India 38 1673
London, United Kingdom 0 1564
Hanoi, Vietnam 0 1504
Karachi, Pakistan 32 1386
Kyiv, Ukraine 2 1381
New York, United States 79 1274
Minsk, Belarus 0 1180
ATM data by OpenStreetMap and its contributors. ATM counts and locations can be inaccurate!