On the occasion of Ribao show at EuroCIS 2022, After countless conversations, Curt Nedell talked about the mixed denomination money counter and his opinion on the future of cash which is unique. He also takes a look ahead to next year's EuroCIS. Let's take a look at this short video.
Ribao Technology has been a professional manufacturer of cash handling equipment since 1996. Today we came to the Ribao Technology booth at EUROCIS 2022.，We caught up with Curt Nedell, CEO of RIBAO TECHNOLOGY EUROPE.
Mr Curt: Hello, I am Curt Nedll. In 2019, Suzhou Ribao established a European branch. As the head of the branch, I provide European customers with more timely and effective services.
Even before the pandemic, the future of cash was being discussed as the use of digital payments accelerated. But the pandemic has raised the volume of that debate significantly. With nearly three decades of experience in the field of cash handling, what is your opinion?
Mr Curt: We don't agree with that outlook. The continuous growth of Our money counter sales since 2021 has also made us realize that the demand for cash processing is increasing; We think the economic recession caused by the epidemic has made the public feel that cash is safer than third-party payment methods. With the pandemic over, The Euro Central Bank announced a huge rise in the demand for euro banknotes over the past year: an increase of €190 billion between March 2020 and May 2021.
What products are actually helping retailers minimize the cost and risk of handling cash?
Mr Curt: In response to the contradiction between the increase in cash demand and the decline in purchasing power caused by the economic recession, we bring mixed denomination money counter BC55. Through technological innovation, we can use the price acceptable to the retail industry to create a bank-grade money counter. The BC-55, while maintaining durability, stability and strong counterfeit detection, has added some functions for the cash processing needs of the retail industry, and has become a hot-selling product on Amazon in the United States;
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