Rat Breaches Indian ATM, Eats $18,000 In Cash

ATM technicians from the State Bank of India, one of the biggest and more advanced banks in all India, never imagined that the reason for a malfunction of an ATM located in the town of Tinsukia inside the state of Assam would be different than the usual cash jam or some mechanical malfunction. But the reality is often stranger than the weirdest fiction, according to an article written by Reuters.
It turns out that when they disarmed the ATM to perform the needed fix and find out the true reason for the malfunction, a weird smell ratted it out. They found a dead rat inside the ATM machine, a rat that was able to bypass the camera security measures and was smart enough to invade the machine.
But that is not the pinnacle of the story; the rat was able to survive for some time eating the bills from the ATM. The bills were found shredded accompanied by the corpse of the rat, and just like that, more than $18,000 worth in local bills were destroyed by the pesky foe; although the major part was recovered without damage.
While the financial world is obviously going all digital, there are some that still think that going cashless is not the right way; more if those systems are centralized; but happenings like this reinforce the case for a cashless society. Physical money is a big spend for governments; only issuing banknotes takes a great toll. Furthermore, the systems that must be used to avoid counterfeiting are costly and inefficient.
The norm could be digital only systems with a great deal of redundancy to avoid disasters caused by failures and downtimes; something like the problems that some Europeans experienced when VISA faced problems with their platform, earlier this month. Users had to leave groceries in the store because they were unable to pay them.
A great solution would be a second gen cryptocurrency system, decentralized and with rapid transactional times. And certainly, we won’t be worried about rats eating out cryptocurrencies. But while that happens, ATMs will have to be built rat-proof.

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