Instead of money, you will get gold coins at the ATM

Technology Desk

Automated cash withdrawals and various transactions are usually done using ATMs. It has made the banking process much easier and faster. By using ATM, customers can deposit or withdraw money in their account, check balance, transfer money and other banking services.

Now not only cash, you can use ATM to buy gold coins. The country's first 'Gold ATM' has been inaugurated in the Indian state of Karnataka, where customers can buy gold coins directly from the ATM machine.

The inauguration of this innovative ATM was attended by Karnataka Home Minister G Parameshwar, Chairman of the organization Jayakumar and others. This initiative has been taken to deliver not only jewelry but also 24 carat gold easily to people's homes, according to the organization. This project has been implemented in joint venture with Gold Coin ATM Limited.

According to the company, anyone can buy gold very easily through this ATM. There will be no extra cost for this. Payment can be made through debit card, credit card, QR code at ATM. Besides, similar ATMs for silver will be installed soon.

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This 'Gold ATM' machine is manufactured by Opercube Technologists in Hyderabad. The ATM machine offers different sizes of gold coins, starting from 0.5 grams to 10 grams.

The specialty of this machine is that it works like a normal ATM machine, but instead of money or any other currency, customers will get gold. This has made the process of buying gold easier and faster, and also improved in terms of security.