PMX Communities Inc. has deployed its first “Gold to go ATM” in the Town Center Mall in Boca Raton, Fla., the Boca Raton-based company announced Dec. 17.
The machine vends .999 Pure Credit Suisse Gold Bullion Bars and U.S. American Eagle Gold Coins, which are sold to users at gold prices that are validated in real time. It is the company’s first deployment in the United States. TMX already deploys the machine, developed by Ex Oriente Lux AG of Germany, in Dubai.
The Florida deployment is a three-month test, and Ex Oriente Lux is seeking other test markets in the United States, Michael Hiler, PMX president and chief executive, said in a press release.
“We have invested numerous hours of research and work to develop the initial infrastructure and integrate certain aspects of this concept into our business plan,” Hiler said.