Rich Turrin
Industry Leader in fintech and digital transformation
CGTN: The most stunning, and shocking, aspect of the current crisis is the speed at which the banks fell. At the Silicon Valley Bank – $42 billion were withdrawn within 24 hours! Are Americans losing trust in the banking system? Richard Turrin: This is the most important thing for people to understand. The nature of a …
We will not see the 2008 financial crisis repeating in 2023. Silicon Valley Bank, Signature Bank and the Silvergate Bank don't have these broad international connections that can create a domino effect in the global economy, says author and fintech expert, Richard Turrin.
Will Twitter be a super-app? Musk certainly does know how to pull off hard things, like launching a new car company and rockets. So while I don't count Musk and Twitter out, there is a long, hard road ahead of them to become a super-app.
CBDCs Will Change Banking in 2023! CBDCs will not destabilize banks. Nonsense! SWIFT and dollar use are a matched pair, and CBDCs will disrupt both within the next year due to BRICS nations. Sanctions will be impossible to enforce! De-dollarization, yes! Toppling the dollar, no!
Great to be picked up in this article in the Epoch Times! One key point to make is that none of these changes are going to happen quickly. Noone, especially China with its huge US dollar reserves, desires sudden movements in the composition of currencies used in global trade. Instead, look for a very slow …
“There is a crisis of imagination surrounding CBDCs! We need to think that CBDCs can do so much more than buy a cup of coffee. We have 5G, IoT, and smart contracts. We are going to live in a world where “machines pay.” (26:50) Thank you to Radek Pyffel for this great interview to talk …
Thank you to Timmy Shen from Forkast.news! What US Fed’s interest rate hike means for China and its CBDC Richard Turrin, a Shanghai-based fintech consultant, said that while the e-CNY is still only in use for domestic trials at present, he agrees that in the future any outflows that attempt to take advantage of rate …
FREE MUST-READ EBook: “Open Finance: Global Progress” is a country by country run down of open banking and finance efforts across the globe! Guess who wrote the section on China?! (Page 28) Read free or download with your email here: Open Finance: Global Progress I am delighted to have contributed my expertise on China to …
Posting on social media is at times a thankless job! Every once in a while I get a lovely compliment or win something that keeps me going! Here are two examples! First the NodeX Graph Gallery rated me a Top 10 on Twitter in the financial service sector! The graph represents a network of 1,024 …
Thanks to George Bailly from fintechOS for the great discussion of Innovation Lab Excellence! George and I talked about what it takes to be an innovator in the fintech space! Time stamp: 01:10 How is it that you wrote a book about Innovation Labs? I was an innovator and was just used to people …
Always love working with my friends at “The Financial Brand!” Here providing insight on CBDCs for two different articles Will 2022 Be the Year Crypto, Stablecoins and ‘CBDCs’ Take Off? Richard Turrin, an American financial consultant and author based in Shanghai, and the author of 2021’s Cashless: China’s Digital Currency Revolution, has not been …
China’s new digital yuan or e-CNY App by the #PBOC earns 5 stars out of five in my review. Hey the new digital yuan app is simply wonderful, and it’s not just me saying it. The app scored a 4.4 out of 5 in China’s Apple app store! The question that needs to be answered …
Thank you to Finextra and Paige McNamee for this great opportunity to talk about the Fed’s digital dollar report. The Fed report I critique can be found here in PDF format: Money and Payments: The U.S. Dollar in the Age of Digital Transformation ‘A crisis of vision’: Richard Turrin takes aim at the Fed’s …
The Caribbean used to be called “America’s backyard” now it’s China’s so don’t be surprised when they use the #digitalyuan! “The dollar is the largest currency used in trade there’s no question about it, but what we can question is whether the dollar is the easiest currency for developing currencies to access? The clear answer …
Great honor to speak with Australia’s leading financial newspaper the Financial Review! There is a sense in Australia that a CBDC isn’t necessary. This may be true, but there is great concern that APRA is not factoring in the impact of regional CBDCs on trade. Richard Turrin, author of Cashless, China’s Digital Currency Revolution, …
Thank you Giesecke + Devrient for a wonderful opportunity to talk to your clients about digital banking! Digital alone won’t deliver a customer experience you can be proud of! If you’re not combining digital with physical for a “phygital” experience your missing out on the gold standard. Need proof? Take one look at Alipay or …
There is a real cost to the sensational reporting of all things happening on China’s tech front. Front and center in the reporting is Ant Group and its Alipay subsidiary. It seems that not a day goes by without a headline claiming that China is nationalizing or destroying Ant. Frankly, what many of these headlines …
“Digital payment systems bring financial inclusion to those who have less, are unbanked, or underbanked.” I am grateful to @Dr. Diane Hamilton, for the opportunity to talk about Cashless on her nationally syndicated radio show “Take the Lead.” Diane is a behavioral expert, author, speaker and consultant and her background came shining through with the …
Asia is where its at! The center of gravity for financial innovation is moving to Asia with 7 of the top 10 CBDC projects in Asia. 14:14 Great interview with the Economic Times “ETMarkets Cryptomeet” where we talk about #CBDC and why it matters. Grateful to Sharat Chandra a real crypto guru, who asked all …
“Assuming that China can’t do something is a really bad bet to make” Rich Turrin 9:02 This interview is simply the best I have ever done if you want to learn about modern China and where it’s going. It is less focused on CBDC but covers geopolitical issues and what life in modern China is …
Grateful to Simon Cocking and the Irish Tech News for this beautiful review of Cashless! Irish Tech News Review of Cashless Cashless: China’s Digital Currency Revolution, Richard Turrin, reviewed An important and fascinating new book by Richard Turrin, who has been doing a great job of explaining what is happening in China from his unique …
It was a joy to be on the Unconventional Ventures “One Vision” Podcast with my dear friends Theodora Lau and Bradley Leimer! They asked “killer questions!” Our discussions on control and financial inclusion are very much worth your time. Who controls your money? That’s a big question and the answer is much more gray than …
Respect! That’s what the fans of both #CBDC and #cryptocurrency need to have for one another. Grateful to Ryan Sean Adams and David Hoffman for this great podcast! I loved doing this podcast because it brought me fully into the crypto world whose innovators and innovations I genuinely respect, and I got full respect for …
Thank you to Jame Diasio founder of DigFin Group for his support of my book Cashless, calling it a “must-read” in his glowing review! From the review: “Richard Turrin wants you to know that you already live in the shadow of China’ fintech primacy. The West’s Big Tech companies, banks, and governments may not know …
