China’s Digital Currency Explained in 10 Minutes!

China’s new Central Bank Digital Currency CBDC made easy in 10 minutes!

This video is the easiest way yet of learning about China’s new CBDC and a great introduction to my book “Cashless.”

Thank-you Cyrus Janssen 王德中 !

CBDCs are coming to the West as well and this video is a start to better understanding our shared cashless future not just China’s.

Here’s what’s inside:

00:59 – What is Digital Currency?
01:29 – How is this different from WeChat Pay and Alipay?
02:11 – Will Digital Currency Replace WeChat Pay and Alipay?
03:10 – How will Digital Currency Affect Currency Reserves?
04:07 – Can the Digital RMB replace the US Dollar as a reserve currency?
05:29 – What’s the biggest misconception with Digital Currency?
06:24 – Is Digital Currency the end of SWIFT Payments?
07:08 – What’s the difference between Digital Currency and Crypto?
07:52 – What other countries are developing a digital currency?
08:23 – America’s Need for Digital Currency
09:04 – Will the world trust China’s Digital Currency?

Cyrus is a leading voice covering China on YouTube and Linkedin and his videos are not to be missed!