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A cash country – The daily blog of behavioral and cognitive economics

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A cash country – The daily blog of behavioral and cognitive economics

Germany’s Explosive ATM Problem

If you have a problem with robbers blowing up your ATMs, ink or glue could be a solution. In Germany, robbers have been exploding an increasing number of ATMs. Up by 26.5% in 2022 over 2021 (the most recent data), the problem should not surprise us. Ascending from 392 in 2021 to 496 in 2022, by April 2023, ATM thieves had accelerated their pace to 47 explosions. At approximately 53,000, Germany has an unusually large number of ATMs because people prefer cash. According to Reuters, a second reason is the high speed Autobahns that make an especially fast getaway to the Netherlands possible.The numbers show a disproportionate number of ATM explosive robberies in North Rhine-Westphalia, an area adjacent to the Netherlands ….[READ]

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