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Gold ATM in Hyderabad pitched as first-of-its kind| 5 points
While digital payments have made visits to automated teller machines less and less frequent for many people, Hyderabad can now boast of an ATM, which can be used to buy gold. 1) The ATM, the firm says, aims to give access to a “varied audience”. Anybody can withdraw gold anywhere - 24*7 - with the machine is said to be the goal. 2) Apart from debit and credit cards, buyers can also use prepaid and postpaid smart cards to withdraw the yellow metal. 3) The firm's first ATM has been installed at its head office in Ashoka Raghupathi Chambers, Begumpet, and it aims to install such ATMs throughout the city, especially in rural areas. Earlier this month the gold price hit an all-time high of nearly 54,630 per 10 gms but the demand for gold will only grow. This Gold ATM supplies in denominations ranging from 0.5 gms to 100 gms,” a statement underlined. On security features, he added: "Security measures like inbuilt camera in the machine, alarm system, external CCTV cameras are there. Source - Hindustan Times #atm #goldatm
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