Richard Turrin is the international best-selling author of Innovation Lab Excellence. He is an award-winning executive previously heading fintech teams at IBM, following a twenty-year career heading trading teams at global investment banks. Richard is now the author of Cashless: China's Digital Currency Revolution.

Living in Shanghai for the last decade, Rich experienced China going cashless first-hand and has a unique combination of banking and technology experience that allow him to bring the story to life. Richard is an independent consultant whose views on China's astounding fintech developments are widely sought by international media and private clients.

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(00:00) Introduction
(02:51) Richard's background in Chinese fintech
(05:05) Difference between payments in China & Europe
(06:29) Chinese QR codes, WeChat & AliPay
(08:14) Why does Apple build from a model of exclusiveness?
(10:15) Free services of WeChat & AliPay 
(11:28) China's mobile payment volume & transaction cycle
(14:21) China's approach to Central Bank Digital Currency (CBDC)
(17:23) What is the technology behind CBDC & cryptocurrency? 
(20:20) Singles day & peak shopping day transaction volume 
(22:23) What are the data security considerations for CBDC?
(26:00) CBDC and public blockchain concerns 
(28:51) Is there a threat of surveillance on transaction data? 
(31:56) Payment privacy comparison between China & western society
(33:31) Surveillance of imports and exports with CBDC
(36:45) Free services as data becomes the product   
(38:08) Will there be a global network of agreed digital currencies? 
(40:58) Facebook, Libra coin & central bank agreements
(43:17) What is the future of cryptocurrency in China?   
(46:22) China's crackdown on cryptocurrency
(50:26) Outro

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