Gold ATM Appears in China
China has introduced an innovative ATM designed to accept gold. The device can melt brought-in items, determine the purity and net weight of the precious metal, and then instantly calculate its monetary value.
After assessment, the machine automatically credits the calculated amount to the user’s bank account. This technology significantly simplifies and speeds up the process of exchanging gold for cash, eliminating the need to visit specialized pawnshops or jewelry stores.
The project has generated considerable interest among the public, especially amid growing demand for highly liquid assets and alternative forms of savings. Similar ATMs are expected to appear in other regions of China as well.
The development of such technologies also stimulates the circulation of precious metals within the country and increases citizens' financial mobility in the context of a volatile global economy.
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