114. Richard Turrin: "Cashless"
The Honest Drink
00:00
Central Bank Digital Currency
The first thing that I hear about central bank digital currency is, Oh my God, it's programmable money. And my answer is no, you already have it and you already want it. The question is, will your money time out? And the answer is, yeah, if it's a social payment. So let's look at Shenzhen, the first time that China tried to use the central bankdigital currency. They actually gave people hung bow read envelopes present. You could not save it to your bank account. You couldn't move it up. It was an example of a programmable currency being used in China today. Is it evil? All right. We covered. No
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