Innovation

GoldATM expands into Miami

Photo: GoldATM

June 20, 2024

GoldATM has added two ATMs in Miami at the Sawgrass Mills Mall. These ATMs provide Goldblacks, flexible 24-karat gold currency for as little as $20 a purchase, according to a press release.

"We're democratizing gold ownership for all consumers," Andrew Carey, CEO and co-founder of GoldATM, said in the release. "With an entry price of approximately $2,000, the ownership of gold has been out of reach for the average consumer and the general marketplace. Now the Goldback bills we distribute are affordable for everyone."

The company also has machines in Utah, Nevada and North Carolina. It has seen thousands of users registering and utilizing the ATMs. GoldATM also recently launched a website to allow direct purchase of the Goldbacks.