Thanks to Andy Mok for the kind words about my book “Cashless” in Wharton Magazine: here
“In his book Cashless: China’s Digital Currency Revolution, Richard Turrin weaves together monetary policy, Chinese political history, technology, and an understanding of the global payments system to argue that China’s launch of the digital yuan (a central bank digital currency, or CBDC) foretells a profound change in the relationship that people, companies, and governments around the world will have with money. Because of China’s growing strength in global trade, the yuan has steadily gained greater global acceptance. But, according to Turrin, “The use of China’s CBDC in cross-border trades heralds much more than just choosing to use China’s RMB currency. It is an entry token to a new digital logistics system the likes of which the world has never seen.” And while the digital yuan or RMB employs cutting-edge financial technology, it is firmly rooted in traditional Chinese values and principles first articulated many thousands of years ago.”
