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Martin Chorzempa on China’s Cashless Revolution and the Rise of Super Apps
Macro Musings with David Beckworth
The Efficient Frontier of the Payment System
Alipay and WeChat, they're copying the West, right? They're copying Venmo. The efficient frontier for payment system is outside the country. Mark Zuckerberg was looking into China for the efficient frontier of the payment system. So interesting. And I'll mention an interesting little story you tell that beggars on the street in China have their own QR code. They don't like ask for money, which is just mind blowing. You get into Ponzi scheme. But with that said, let's move on to some of the challenges in chapter four and five in your book.
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