North America to Follow Abu Dhabi's Gold-Dispensing Machines
Kamal Musharbash — September 30, 2010 — Luxury
References: gizmodo
Because Abu Dhabi and the entire UAE has a knack for gold, they created these gold-dispensing machines that work almost identical to the generic ATM. Las Vegas and Florida will follow suit next year with these machines and soon, hundreds of these ATMs will be featured throughout North America.
These gold-dispensing machines, aptly named 'Gold to Go' will exchange gold bars for cash. It is a smart creation for investors because of the continuous fluctuation in gold's value.
These gold-dispensing machines, aptly named 'Gold to Go' will exchange gold bars for cash. It is a smart creation for investors because of the continuous fluctuation in gold's value.
Trend Themes
1. Gold-dispensing Machines - Developing gold-dispensing machines equips trendy industry stakeholders to disrupt the precious metal market.
2. Alternative Investment Solutions - Introducing alternative investment solutions like gold-dispensing machines presents significant innovation opportunities for the finance and investment industry.
3. Digital Currency Alternatives - Diversifying digital currency alternatives into precious metals like gold presents innovative trends for the fintech industry.
Industry Implications
1. Finance - The financing industry has an opportunity to utilize gold-dispensing machines to expand its investment portfolio.
2. Precious Metals Market - The precious metals market has the potential to optimize sales and increase its customer base with gold-dispensing machines.
3. Fintech - The Fintech industry has the potential to establish new business models and revenue streams with the introduction of gold-dispensing machines.
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