Five decades since it proclaimed a change in the way individuals acquired and utilized money, the world’s first ATM was transformed into gold for celebrations of its fiftieth anniversary.
The brainchild of Scottish creator Shepherd-Barron, the main ATM (automated teller machine) was opened on June 27, 1967 at a branch of Barclays bank in Enfield, north London, the first of six money containers commissioned by the bank.
English on-screen character Reg Varney, who TV comedy show “On The Buses”, was the first person to withdraw cash from the new machine.
Presently there are an expected three million money machines over the globe with about 70,000 cash machines out the UK alone which administered 175 billion pounds in 2016. The world’s most northerly machine is at Longyearbyen, Svalbard, Norway and the most southerly situated at the McMurdo station at the South Pole.
To remember the anniversary, Barclays changed the ATM at its Enfield branch into gold, included a memorial plaque and put a red carpet in front for its clients.
“Despite the fact that current years have seen a tremendous uptake of digital banking and card payments, money remains a pivotal piece of a great many people’s everyday lives,” said Raheel Ahmed, Head of Customer Experience and Channels at Barclays.