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Rich Turrin

Rich Turrin

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Will Digital Currencies Destroy Banking as We Know It? from “The Agenda” with Stephen Cole

September 6, 2021 by Rich Turrin

China’s CBDC has spurred China’s banks to innovate, they are not asleep and are moving at a pace that Western banks would envy:

 

“But that progress hasn’t been without its difficulties –

 

Turrin explains that some of China’s banks were initially rather resistant: “Banks have now been shaken from their slumber. And they are now very active in digital because the digital platforms came along and fundamentally changed financial technology and how we use money in China. So they’ve had to adapt and they’ve had to change.”

https://richturrin.com/wp-content/uploads/2021/09/CGTN-Destroy-Banking-720.mp4

 

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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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