Question
Here is the question : WHICH COUNTRY FEATURED THE FIRST ATM TO DISPENSE GOLD BARS?
Option
Here is the option for the question :
- United Arab Emirates
- Switzerland
- United States
- Qatar
The Answer:
And, the answer for the the question is :
Explanation:
The concept of a “gold to go” ATM may sound like something that would come from the mind of Scrooge McDuck, but a German firm by the name of TG Gold-Super-Markt took the concept seriously enough to build a gold-dispensing ATM in Abu Dhabi, which is located in the United Arab Emirates.
In 2010, the world’s first gold bar automated teller machine made its debut in the lobby of the Emirates Palace Hotel, which was both a convenient location and not a particularly unusual choice.
However, the United Arab Emirates is not the only country in the world to have such machines; for example, they can also be found in New York City and Las Vegas.
The machines give you the option of retrieving your gold in the form of 24-karat gold bars, gold in increments of 1, 5, or 10 grams, or gold coins stamped with a variety of different logos.
The United Arab Emirates is home to the world’s first ATM to dispense gold bars. The machine, which is located in the lobby of the Emirates Palace hotel in Abu Dhabi, allows customers to purchase gold bars in a variety of sizes, ranging from 1 gram to 1 kilogram.
The gold ATM is the brainchild of German company Ex Oriente Lux AG, which specializes in the production of gold vending machines. The company has installed similar machines in a number of other countries around the world, but the Abu Dhabi machine was the first to be installed in the UAE.
The gold ATM has become a popular attraction for tourists and locals alike, and it has been featured in numerous news articles and television programs around the world. The machine is designed to be user-friendly, with a touch screen interface that allows customers to select the size and quantity of gold bars they wish to purchase.
While the concept of a gold-dispensing ATM may seem unusual, it is actually a reflection of the UAE’s status as one of the world’s leading gold markets. The country has a long and rich history of gold trading, and it is home to a number of large gold refineries and jewelry manufacturers.
the gold ATM in the United Arab Emirates is a unique and fascinating example of the country’s commitment to innovation and entrepreneurship. Whether you’re a gold enthusiast or simply someone who is interested in exploring the cutting edge of technology and commerce, the gold ATM is sure to be a memorable and exciting experience.