Today’s conversation is with Innovation and Fintech expert and author, Richard Turrin .

Rich was a banker for almost 20 years and a serial innovator throughout his career.

Specialising in the design and innovation of new fixed-income products, he saw firsthand how technology, finance, and regulation come together to impact innovation. He made his career by thinking “out of the box” and uses his experience now as a Consultant to put fintech and AI to work for his clients.

Based in Shanghai, Rich has witnessed China become a cashless society and shares how this process and I learn more about AliPay and WeChat Pay.

Beyond this, expect to learn how China has built its own Central Bank Digital Currency, how this will impact the wider world, and how this Digital currency differs to Cryptocurrency. We discuss some of the recent scandals in the Crypto space which have caused challenges with the legitimacy of some coins and projects as future potential currencies.

I’ve been deep down the rabbit hole with Rich’s newsletters and LinkedIn articles, and it’s clear that CBDCs are something many counties are working towards. In the UK, Sunak announced plans for Brit coin while the US is exploring what has been nicknamed FedCoin.

There’s a lot of technical discussions within this episode about what sits behind these currencies, but also how they will impact our day to day lives, our privacy, freedom, and level of choice.

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Connect with Rich:

LinkedIn - https://www.linkedin.com/in/turrin/

Twitter - https://twitter.com/richardturrin

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