This is a great video with another digital yuan expert! Oriol and I talk about key technical features of the digital yuan including the most recent developments. I then close off with a big discussion on “fearmongering” arguments against CBDC.
Time stamp:
00:00 Introduction.
02:01 Since last time we spoke (December 2021), what are the major updates in the area of the Digital Yuan?
05:28 How is the Digital Yuan working thus far (as of April 2023)?
09:22 The technical features of the Digital Yuan: can it be used offline? Can it be used if your phone battery is dead?
15:55 Why does China need a Digital Yuan? Where is the added value?
23:36 The Digital Yuan and Alipay and WeChat Pay: cooperation rather than competition.
26:28 A demo of the Digital Yuan: how does the app work? What does it look like?
37:40 What are the most commonly repeated fearmongering arguments about Central Bank Digital Currencies (CBDCs)?
45:30 Wrap up.
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