114. Richard Turrin: "Cashless"
The Honest Drink
00:00
China's Central Bank Digital Currency Gives You Greater Privacy Than You Have Now With Visa and MasterCard
Digital yuan gives Chinese users greater privacy than they have now with WeChat pay and Ollie pay. When you use the central bank digital currency for coffee, there is no data footprint left behind. You can't sell your data to data brokers. These are transactions that are recorded. And if the government says, oh, I want to pull out this transaction, they have to go to your bank to get the information.
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