114. Richard Turrin: "Cashless"
The Honest Drink
00:00
Central Bank Digital Currency
WeChat is a big tech company and they are a great company. They monetize your data by selling you. And if you buy that same coffee with a central bank digital currency, you have left no footprint behind. Just the purchase. So as if you use cash, it's gone. Your name and your age and your occupation is not, no, but the bank would know,. right? The bank would know what you bought, just like they would know if you bought - just like they have access to your credit card data. It's the same scenario. That's what big tech does in the U.S., whether you're Google, or the world.
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