114. Richard Turrin: "Cashless"
The Honest Drink Podcast
00:00
What's the Difference Between WeChat Pay and Allie Pay?
The head of the central bank in China made a breakthrough decision. He allowed big tech to become banks and to transmit, become payment transmitters. When I make a WeChat Pay or Allie Pay payment, it is free. There is a 0.01% cost to moving money to the bank. For certain retailers, it goes up all the way to 0.06%.
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