Hyderabad: This Automated Teller Machine (ATM) is different. Not cash, but it dispenses gold coins.
Goldsica, with technology support from Hyderabad-based startup Opencube Technologies, has launched its first gold ATM in Begumpet, making it India’s first gold ATM and the world’s first real-time gold ATM.
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This ATM can dispense gold coins in different denominations ranging from 0.5 grams to 100 grams and according to C Taruj, CEO of Goldsikka, customers can use their debit or credit cards to buy gold coins of different denominations. “The values are displayed live on the screen making it transparent and clear to the customers and the coins are delivered in certified tamper proof packs with 999 purity,” he added.
Telangana Women’s Commission Chairperson, Sunitha Lakshma Reddy attended the launch event, which was also attended by Ambika Barman, GoldSikka Chairperson, P. Vinod Kumar, CEO, Opencube Technologies and M. Srinivasa Rao, CEO, T-Hub.
India’s first gold ATM and world’s first real time gold ATM launched in Hyderabad
source-telanganatoday.com