China continues to amaze the world with its rapid advancements in science and technology. In its latest innovation, China has launched the world’s first ATM capable of converting physical gold into cash in less than 30 minutes using real-time payment systems.
This revolutionary machine allows users to insert their gold into the ATM, which then automatically analyzes it using advanced technology. The gold is scanned, weighed, melted, and tested for purity. Once these steps are completed, the machine calculates the exact market value of the gold and transfers the equivalent amount of money directly into the user’s bank account — all within half an hour.
What has caught the attention of many is the fact that the process requires no user identification or legal documentation, making it incredibly convenient for individuals in urgent need of cash without going through lengthy administrative procedures.
According to Kinghood Group, the company behind this innovation, the goal is to simplify the gold-selling process and enhance liquidity access for gold owners, especially during times of global economic shifts.
The ATM has been installed in high-traffic commercial areas across China, including cities like Shanghai, marking a significant step in merging fintech and traditional asset exchange in an unprecedented way.
With this cutting-edge technology, China is once again proving that it is truly “killing the game” with mind-blowing tech innovations.
