A UAE hotel has come up with an incredible way to add a new dimension to the wave of affluence that Abu Dhabi and it’s neighbouring cities are known for. It has introduced an automated teller machine (ATM) that dispenses gold bullion bars.
Abu Dhabi’s Emirates Palace Hotel, which boasts that it is the most luxurious hotel in the United Arab Emirates, installed the machine in its lobby. The eye-candy equipment has an exterior coated with a thin layer of gold and offers customers 320 items to choose from, ranging from gold bars that can weigh up to 10 grams, to customised gold coins.
Gold rates within the ATM are regularly updated very 10 minutes to match international markets with the aid of a built-in computer connected to a dealer which sells gold online.
Users feed dirham notes, the local currency, into the machine for now. However, there is the possibility of feeding credit cards into it in the nearest future.
The machine was developed by Thomas Geissler, a German businessman who noted that Abu Dhabi was best placed to launch the invention because gold is in high demand in the region.
“On the first night we had a lot of demand,” he said. “One customer even bought one item of every product we have.”
Watch the video here:
The post [VIDEO] Check Out This Mind-Blowing ATM In Abu Dhabi That Dispenses Gold Bars appeared first on KokoFeed - Nigerian News For The Young Generation.
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