May 8th, 2012 Posted in Green News | Comments Off
Many of us in the West take for granted our state-of-the-art banking systems, which make it very easy to deposit and withdraw cash. Every little town has a bank, and in the city there is practically one around the corner. Unfortunately, not every country has such luxury. In India, for example, personal banking requires travelling to the nearest branch, often in far-away cities, requiring nearly a full day to do so. However, thanks to an innovation in ATM technology, all this is going to change. Vortex Engineering, a start-up sponsored by Chennai's Indian Institute of Technology, has created an energy-efficient solar power ATM machine. This will bring the ability to do banking to even the most remote Indian Village.