The world's first ATM was installed in this country!

frame The world's first ATM was installed in this country!

S Venkateshwari
When PM Modi announced demonetization on 8 november 2016, after that, long queues were seen outside all the ATMs in the streets and neighborhoods. People used to stand in long queues to withdraw money. Those who must have stood in long queues for notes that day,must have understood the importance of ATM that day.Today, in the era of digital payment, the need for ATM may have reduced, but when there was no digital era, ATM wasa very usefulthing. You must be wondering why we are mentioning it today. Actually, it was on this day when the world got its first ATM. Let's know the story of its invention.

When did the world's first ATM start?

The world's first ATM was started in Enfield area of london on 27 june 1967. Today it has completed 58 years. This first ATM of the world was installed outside the branch of Barclays Bank. Today people may be using ATMs fearlessly, but when people saw the machine spitting out money for the first time, the world was surprised.British actor Reg Varney had withdrawn money from this first ATM of the world. Well, today its network has spread all over the world.

How did the idea of ATM come?

John Shepherd-Barron is considered to be the inventor of this machine. It is said that Barron invented the ATM because whenever he used to go to the bank to withdraw money, there used to be a very long queue. He had to stand in that queue for hours. Many times when the bank was closed on Saturdays, money could not be withdrawn, this is how he got the idea of making this machine. That evening when he returned home, while taking a bath, he got the idea that if chocolates can come out from a chocolate vending machine, then why not make a machine that can give money.Now this world's first ATM installed in london has changed a lot.This ATM installed in the branch of Barclays bank was made of gold in the year 2017 on the occasion of completion of 50 years.

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