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Rich Turrin

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A decidedly ‘Made in Asia’ digital currency disruption

Very proud to have the last word in my favorite newspaper the Financial Times.

Gillian Tett is the chair of the editorial board and a fabulous columnist.

In a wonderful article that you really should read “Financial cartels face digital currency shake-up” Tett wrote:

“It seems unlikely that CBDCs (or privately created digital tokens) will be an effective form of money for retail finance anytime soon.”

Quick to sense an error I wrote this shocking fact about retail CBDCs:

India will start trials of its CBDC in December. With China and India both using CBDCs it will mean that roughly 36 per cent of the world’s population will have access to retail CBDCs in the next few years.

That was fun as Gillian Tett kindly responded to my email and I promptly sent her a copy of “Cashless.”

I hope she enjoys it as I am a big fan of her writing!

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By Rich Turrin

About Rich Turrin

Rich Turrin is the international best-selling author of “Cashless - China’s Digital Currency Revolution” and “Innovation Lab Excellence.” He is an Onalytica Top 100 Fintech Influencer and an award-winning executive previously heading fintech teams at IBM following a twenty-year career in investment banking. Rich is a leading media commentator and advisor on China's digital currency and tech scene. Living in Shanghai for more than a decade, Rich experienced China going cashless first-hand.

Previous Post: « Benefits of Going Cashless and The Rise of Central Bank Digital Currencies
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