(Newswire.net — October 27, 2022) — Even in an age where everything is seemingly going digital and both wallets and purses are shrinking in size, cash still remains king. The widely- and most-accepted form of currency is convenient, maintainable, and important to numerous different economies.
Paul Alex, a former law enforcement officer, built an automated teller machine (ATM) business while he was working his 9-5 beat, in his free time. The now millionaire and founder of ATMTogether.com is helping thousands of clients, nationwide, create and maintain their very own ATM machines, right in the cities where they already live!
“I built this business on the weekends while juggling my duties as a law enforcement officer,” said Paul Alex. “I self-taught myself much of what I know and check out all the right books on launching a digital business as well. What you don’t know is what you don’t know and simplicity equals success. That’s where educating yourself on what you want to do is so important.”
The company is a little over a year old and has already generated millions, including over $6 million in just its first 18 months of operation.
Pairing technology and paper cash were just as important for his company as it was for the economy and investors are reaping the benefits.
Paper Money is Still Vital to the Economy
One can still put cash on the counter to pay for goods, and services and also satisfy any debts. It is still a widely-accepted form of currency, whether as banknotes or coins.
Though popular belief would suggest that more people are migrating to digital payments, cash still remains important. Serving as reliable, acceptable, and accessible, cash is still a convenient form of payment that can serve consumers in their daily and basic transactions, like buying groceries or taking public transportation.
Below are just five reasons why ‘Cash is King, even in an ever-growing digital economy.
Cash is Universally Accepted
The form of currency is still utilized in underdeveloped countries but is accepted literally anywhere in the world. Despite age or financial status, cash can be used anywhere and anytime, whereas digital currencies rely on technology that is operational. In fact, paper currency is the most widely used and accepted form of payment, worldwide.
Cash Offers Peace of Mind
It is nearly impossible to print counterfeit cash in today’s society, whereas with digital currencies, there always remains the possibility of cybercrime. Yes, there is a risk that cash can slip out of one’s pocket, wallet or purse, but that also doesn’t happen very often. It still is highly more likely that someone has their bank card stolen or account hacked than losing cash.
Cash Provides a Sense of Inclusivity
Cash counters financial exclusion. Again, there remain some underdeveloped countries and even parts of the United States where cash is still vital to the economy and the only form of payment accepted. The economy benefits when cash is circulated as it allows people to contribute, regardless of background, financial standing, or location.
Cash Comes in Handy
Just reaching into one’s pocket, wallet, or purse to pull out easily-placed currency is just one reason why cash is so handy. It comes through on any occasion as businesses and individuals will always accept it. The convenient currency also allows for budgeting and keeps people from overspending. If what you have on you can’t purchase what you want, then you avoid dishing out too much, or bank overdraft fees, like with digital accounts and credit cards.
“You can’t write off the importance of having cash,” Paul Alex said. “For most people, it is still how they live their daily lives, and virtually everyone, whether a business, merchant, or peer will accept it as a form of payment. There are still millions of people who still don’t have the capability to open a bank account and cash remains extremely important to them and their cities, who all, collectively, can not afford to go cashless.”
Now is the Time for Passive Income With ATMTogether.com
ATMTogether.com helps clients create, build and launch their own respective ATM machine businesses, guiding them along the entire process, from inception to completion.
The company provides the necessary education, proper training, location and placement services, installation and maintenance, and even relocation assistance, free of charge if clients are unhappy with their location.
“Don’t stress about starting your ATM business. We will build your business for you or with you,” Paul Alex stated. “Making your money work for you while you do what you want to do is the ultimate ‘American Dream.”
Doing all the ‘heavy lifting, Paul Alex and the team at ATMTogether.com has built an extensive clientele network across the nation and online, have launched an ‘ATM Business for Beginners’ Facebook group that sits at over 43,000 strong. Each week, the CEO takes to the channel to provide insight, tips, and information on live sessions, so investors and aspiring ones are always informed and educated on the processes and the industry.
About Paul Alex
Paul Alex is a former law enforcement officer turned entrepreneur and has experience in sales and digital marketing. He founded ATMTogether Automation Services to help clients establish their first ATM locations, and has helped educate over 43,000 aspiring entrepreneurs nationwide regarding the ATM industry to date. He is preparing to launch his next business venture, Consulting Task Force, later this year which will have a focus on digital marketing. For more information, please visit https://jo.my/join2023