The machine accepts items weighing from three grams and with a gold content of at least 50%. It analyzes the weight and composition of the metal, compares the price with quotes on the Shanghai Gold Exchange, and offers the client an amount considering the commission. If the client agrees, the gold is melted down, and the money is instantly transferred to the bank account.
The device was developed by the Chinese company Kinghood Group, and its service has generated significant interest: appointments for using the machine are booked months in advance.
