| Developers: | GoldMint |
| Last Release Date: | 2020/04/09 |
| Branches: | Financial services, investments and auditing |
Custom Bot (Automatic Gold Exchange Kiosk, an automatic gold exchange kiosk) is an ATM-sized robotic machine used to analyze, buy, store embedded gold products, as well as to sell gold coins and small gold bars.
2020: Custom Bot automatic pawnshop network deployment
On April 9, 2020, GoldMint announced that it was starting to deploy the Custom Bot network of automatic pawnshops and was preparing to launch a franchise. In four years, the company plans to install 7,000 devices around the world.
According to the company, Custody Bot has already passed the regulatory sandbox of the Bank of Russia. Custom Bot allows you to exchange GOLD for physical gold .
The automatic pawnshop in the form factor of an ATM, called Custom Bot, was developed by GoldMint. With it, the user can automatically, without a pawnshop or bank employee, evaluate the gold product, deposit it and receive the amount of collateral on a bank card. The company GoldMint plans to install devices in pawnshops of the Mosgorlombard partner network, and to install terminals in pawnshops of other networks and in banks, including in other countries, GoldMint is preparing to launch a franchise. For April 2020, pawnshops and banks from 19 countries became interested in the offer.
In accordance with the recommendations of the Ministry of Finance, in the second version of Custom Bot, video cameras and scanners of passports, models recommended by GOSZNAK JSC were installed to identify the client's delivery product. In addition, all devices will be connected to the GoldMint blockchain network, with which it will be possible to buy digitized gold and exchange it for physical.
2019: Tests in the regulatory sandbox of the Bank of Russia
In 2019, the device was tested in the regulatory sandbox of the Bank of Russia. According to the test results, the commission recommended that the Bank of Russia Committee on the Development of the Financial Market recognize the feasibility of introducing service in the financial market, subject to the adoption and entry into force of the Federal Law No. 613239-7 project (allows pawnshop to use a single biometric system to identify customers) and the Federal Law No. 775367-7 project (pawnshops will be able to issue collateral tickets not on strict report forms, but electronically). These FZ are under consideration in the State Duma.
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