Cashless: China's Digital Currency Revolution

In this video, Ryan Adams and David Hoffman, hosts of Bankless Podcast, interview Richard Turrin, author of Cashless: China's Digital Currency Revolution. He shares the efforts China has made to inovate within its fintech platforms, how it poses a long-term threat to the United States dollar dominance, and how would the world look like with a maximally succesful Chinese central bank digital currency (CBDC).

Other topics covered in the episode:

0:00 Intro
9:30 Richard Turrin
12:03 Where The US Went Wrong
16:34 China’s Last 10 Years
23:10 Comparing the User Experience
30:00 A Cultural Divide
38:17 A Regulatory Divide
47:00 Central Bank Digital Currencies
57:43 Digitized vs Digital Currency
1:05:19 Benefits of a CBDC
1:14:48 The Design & Smart Contracts
1:25:00 Verification and KYC
1:30:57 China’s International Ambitions
1:35:43 The Impact on Crypto
1:39:13 When the West Wakes Up
1:42:03 Closing & Disclaimers

The episode premiered on August 9, 2021.