How China is winning the race in Fintech, Payments, and CBDCs, with Fintech expert Richard Turrin
The Fintech Blueprint
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Is China a Harbinger of Digital Money?
If you want to know what's going to happen with digital money, look to china. It already happened there. And when i say digital money, i don't mean crypto, but i mean how people relate to money. Once money as you know it goes completely digital, it changes at a fundamental level, your relationship with cash. So the question is, will it work? And the answer is, of course. The reason is that the cultureo love digitl everything. They're going to love digital r am b, because they understand that it is data efficient. There will be so many companies including state-owned entities which are going to use it very low cost and for free
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