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Rich Turrin

Rich Turrin

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Is China Ahead of the West? (Video)

July 21, 2021 by Rich Turrin

One of my most passionate interviews yet where the answers are fast, furious, and on occasion funny!

Thanks so much to Abhiruk Bhattacharyya and TheCoinRepublic for the opportunity to talk about CBDC, cryptocurrency, and financial inclusion.  Big topics that will impact us all!

What’s inside:

00:00  How did I get to China?

04:30  How did I begin to write a book on China’s digital currency?

07:55  What is the difference between crypto and CBDC?

11:00  Blockchain tech and CBDCs, why China’s CBDC doesn’t use blockchain

16:30  Does China’s CBDC pose a threat to the dollar?

22:00  What are the advantages of using a digital currency

27:50  Why did China launch a CBDC years before the US?

32:30  How did China’s banks react to private banking licenses?

36:00  Is China payment utopia?

42:10  China and cryptocurrency

49:40  El Salvador’s announcement on Bitcoin and financial inclusion

55:14  Bitcoin and remittances into El Salvador. Financial inclusion, the dream of digital currency.

57:40  Cryptocurrency and digital currencies in developing countries.

60:00  When is the next book?  Writing about China is hard!  CBDC and developing countries.

I hope this is fun for you a couple of great stories at: 6:22 hiking in Yunnan, 10:20 how crypto and CBDC camps don’t get along, 31:23 Imagine the Fed giving banking licenses that impact incumbents!

 

YouTube player

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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.

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