One such product that has caught our attention is the ecoATM, which resembles a cash machine, but can actually be used to make money from your unwanted mobile phones.
Via its large “mouth,” you can pop in a mobile phone or MP3 player and then it determines if your phone is in working order before calculating how much it is worth.
Using a technology called Advanced Machine Vision, the ecoATM - via its embedded touchscreen - then tells you what it believes your mobile to be worth. If you choose to accept the quote, it then dispenses the cash and melts down your phone in an “environmentally friendly" way.
The machine is already in use in California, deployed in approximately 50 stores across the US state. ecoATM also plans to roll-out 500 machines by year end.
Seems like a great way for mobile phone muggers to make some very quick cash, doesn’t it?