This fantastic interview conducted by Cyrus Janssen the host of “Real Talk China” is a deep dive into China’s CBDC and will undoubtedly answer many of your questions.
The interview was lovingly edited by Cyrus to make both a long and short version.
The long version below with a complete list of questions answered below is designed to give anyone a solid understanding of how China’s new central bank digital currency (CBDC) will change our world. If that sounds like a tall order, it is.
Many might think it overstatement except China’s CBDC is full of firsts:
- The first CBDC by a large nation
- The first use of programmable currency
- The first Central Bank to test CBDC in international transfer
- The first CBDC interoperability tests
The list of first could go on but this should give you a hint as to why China’s CBDC really will change the world.
The short version entitled: “China’s Digital Currency Explained in 10 Minutes” is posted in the preceding article and is the EASIEST way imaginable to learn about China’s CBDC.
Watching this will be a worthwhile investment of your time and will give you a great overview of what’s happening with China’s CBDC and how it works.
I am very proud of this interview and I am grateful to YouTube star Cyrus Janssen (150k subscribers) for this opportunity to get the message out about China’s CBDC.
Here’s what’s inside:
0:00- Video Introduction
1:21 – Richard’s Book “Cashless”
3:52 – Why is Digital Currency Important for Us?
4:55 – What is Digital Currency?
6:08 – How is WeChat and Alipay Different?
7:24 – Is Digital Currency a Cryptocurrency?
8:37 – How will Digital Currency Affect WeChat/Alipay?
12:33 – Can China’s new digital RMB replace the USD as the reserve currency?
16:50 – How the Digital RMB will help China become less dependent on USD
19:23 – Isn’t the Digital RMB just another currency? NO! Here is Why
23:07 – What is the future of SWIFT and our banking system?
26:49 – America’s Digital Currency Future
29:09 – How Digital Currency Can Help America’s Low Income Families
31:27 – How China built their Digital Currency
31:56 – What the Federal Reserve Needs to Do
33:24 – Do you need internet access to use China’s digital currency?
34:15 – How will the digital RMB impact China’s elderly population?
35:25 – What is the difference between CBDC and Crypto Currency?
36:17 – Will Foreigners and tourists be able to use China’s Digital Currency?
36:56 – What other countries are developing a digital currency?
39:05 – Is there an international standard for digital currencies?
40:00 – How can China gain the trust of the world to use it’s Digital Currency?
42:53 – Why the world owes a debt of gratitude to China
Cyrus is a leading voice covering China on YouTube and Linkedin and his videos are not to be missed!