What can be done with a tenner, then and now
The delivery of physical currency hasn’t really changed since the installation of the first ATM in 1967.
Whilst payment methods and transaction types have changed dramatically, how we obtain physical notes has remained consistent over the last 50 years.
We’ve seen a number of disruptive currency propositions being launched in the past few years, such as Bitcoin and Ethereum, but these have so far failed to really hit the mainstream. There remains something very meaningful about having tangible money in our pockets, and physical currency still remains at the centre of banking. ATMs are integral to our relationship with cash. We trust them, and we rely on them as an important part of daily lives. Looking to the future, self-service networks will continue to develop and advance as the financial industry introduces new services centred on choice and convenience for today’s consumer – but the one thing that will remain consistent is the cash that they manage on a daily basis.