- India's first Gold ATM launched in Hyderabad.
- It is also the world's first real-time gold ATM.
- Unlike normal ATMs where one can withdraw money, Goldsica ATMs can be used to withdraw gold coins.
- Through Gold ATM, people can buy gold coins by inserting their debit or credit card.
- The ATM has been launched by Goldsika Pvt Ltd with technology support from Hyderabad based startup Opencube Technologies Pvt Ltd.
- One of the important features of this ATM is that it has live updated gold prices.
- The capacity of the ATM is to hold 5 kg of gold. People can buy gold from 0.5 grams to 100 grams.
Tags:
Economics
