Country's first gold ATM opened in Hyderabad, gold coins will be dispensed instead of cash

Daily Current Affairs / Country's first gold ATM opened in Hyderabad, gold coins will be dispensed instead of cash

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Category : National Published on: December 07 2022

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The Hyderabad-based Goldsikka Pvt Ltd has set up a gold ATM , which is claimed to be the country’s first real-time gold dispensing machine.
Instead of money, gold coins will come out of this machine.
The ATM has a capacity of storing 5kgs of gold. There are 8 available options for the quantity of gold starting from 0.5 grams to 100 grams.
Goldsikka Pvt Ltd launched its first Gold ATM with Technology support from M/s OpenCube Technologies Pvt Ltd, a Hyderabad-based startup company on December 3.