Changebox: Where Cash Meets Convenience

What do people do with spare cash, particularly coins? That is the perennial question asked by central banks, mints, and those involved in ensuring that cash continues to circulate effectively.

Although there is a phenomenal amount of cash in circulation, there is often a gap between circulation/production figures and availability of certain denominations on the street. This is arguably a greater issue with lower denominations and therefore coins specifically, and it is unsurprising that companies are noticing the issue and developing systems to gather spare cash and get it back into circulation.

Enter Changebox and its founder and CEO, Chase Goggans. Chase’s journey began after a year of international travel left him with a backpack full of coins and small bills that no exchange kiosk, bank, or financial provider would accept. Frustrated by the inefficiency and waste of unused currency, Chase launched his first venture in 2012 to help travellers and locals reclaim that value through an online mail-in foreign currency exchange platform. Over the next decade, he built deep expertise in foreign currency exchange, coin recycling, and global logistics.