Podcast appearances and mentions of richard turrin

Nov 14, 2024 – A financial revolution is underway, and much of it is unfolding in Asia. Richard Turrin, fintech expert and author of Cashless , highlights key trends shaping the future of payments and fintech over the next five years, with Asia at the forefront...

In this episode of The Bankers' Bookshelf, Paolo Sironi hosts Richard Turrin, author of "Cashless," as part of the Bankers' Bookshelf series. They discuss the shift towards a cashless society driven by Central Bank Digital Currencies (CBDCs) and fintech innovations. Turrin explains how CBDCs could reduce reliance on credit cards, lower transaction fees, and streamline commercial payments, while also benefiting financial stability. They also explore the risks and opportunities for banks, and how countries like China are leading in this transformation. Turrin highlights the future of less cash, improved payment systems, and the societal impact of digital currencies. ‌ About the Author: Rich Turrin is an international best-selling author and a leading expert on China's digital yuan. He is a leading voice in the international central bank digital currency dialogue. His books “Cashless - China's Digital Currency Revolution” and “Innovation Lab Excellence” highlight the good financial innovation can do and established him as a leading voice in Asia's fast paced fintech community. He is rated number 4 globally on Onalytica's prestigious Fintech Influencer list and an award-winning executive previously heading fintech teams at IBM following a twenty year career in investment banking. Living in Shanghai for the last decade, Rich experienced China going cashless first-hand and has a unique combination of banking and technology skills that allow him to bring the exciting story of China going “Cashless” to life in his book and keynotes. Rich is an independent consultant whose views on China's astounding fintech developments are widely sought by international media and private clients. ‌ Connect here: https://www.linkedin.com/in/turrin/ Official Website: https://richturrin.com/videos-and-interviews/ -Learn more about the bestseller "Cashless" the first book about China's new digital currency now with over 200 5 star reviews: https://www.amazon.com/dp/B0925JY69H -Best seller "Innovation Lab Excellence" fixes "innovation theater.": https://www.amazon.com/Innovation-Lab-Excellence-Digital-Transformation/dp/1949642070/ref=tmm_pap_swatch_0?_encoding=UTF8&qid=&sr= -Subscribe to the Cashless newsletter!: https://richturrin.substack.com/ ‌ Paolo Sironi: https://www.linkedin.com/in/thepsironi/ IBM FinTech Strategy and Author

Jun 27, 2024 – Richard Turrin, the best-selling author of Cashless, breaks down the recent move by Saudi Arabia to join the Chinese-led mBridge alternative to SWIFT, and how this will very likely lead to other countries diversifying away...

Five years ago, cash was involved in every fourth POS transaction in China. Today, it is involved in 1 in 14, and in two years, it is expected to be involved in just 1 in 33. The size and speed of that evaporation are undeniably impressive, but the most important lessons will be found by studying neither the size nor the speed at which those cash transactions evaporated but from studying where those transactions went. In the West, cash transactions became debit card transactions and the big banks saw them all. In China, cash transactions went into the new mobile wallet ecosystems, and as the banks became blind, the Super Apps were born. Fed with transaction data at a scale never seen before, a new type of lender emerged, and in their growth, a thousand lessons might be found. So in today's episode, I'm speaking to Richard Turrin, a Shanghai-based fintech, AI, and innovation consultant and best-selling author. We chat about his time with IBM Watson, his move to China, and how what they're doing there might inspire new ideas in the West. Richard is the author of Cashless: China's Digital Currency Revolution and Innovation Lab Excellence both of which are available on, among other places, Amazon: https://www.amazon.com/stores/author/B07PQP33TCBut as you will hear, he is also writing for over 2,000 followers on Substack:https://substack.com/@richturrinYou can find Richard on LinkedIn, and possibly become his 50,000th follower! https://www.linkedin.com/in/turrin/I am on LinkedIn, too, and open to new genuine connections - https://www.linkedin.com/in/brendanlegrange - please also follow the show's page while you're there.Meanwhile, my action-adventure novels are on Amazon, some versions even for free, and my work with ConfirmU and our gamified psychometric scores is discussed at https://confirmu.com/ and on episode 24 of this show https://www.howtolendmoneytostrangers.show/episodes/episode-24And finally, I'm also co-creating a new podcast called hAIghtened senses which will look at the intersection between human senses and technology, especially AI-powered technology. You can already start to follow it wherever you're listening to this one - there's only a trailer there at the moment, but we've recorded some of the early episodes and it's going to be a fun ride!Keep well, Brendan Hosted on Acast. See acast.com/privacy for more information.

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Feb 6, 2024 – The fintech space has seen rapid growth in recent years and central banks as well are speeding ahead on their own digital currencies. Today we speak with one of the leaders in this space, Richard Turrin, to discuss the convergence...

Feb 6, 2024 – The fintech space has seen rapid growth in recent years and central banks as well are speeding ahead on their own digital currencies. Today we speak with one of the leaders in this space, Richard Turrin, to discuss the convergence...

2024 is shaping up as the Year of the e-CNY, but can China be trusted with a global reserve CBDC? Our last guest Richard Holden says no. Cashless author Richard Turrin offers a full-throated reply, saying the rise of the digital Yuan is a lack of trust in the US dollar and how the US uses its power.  We also discuss how formalised data markets will change how fintechs obtain and use data, and how 2024 will be the year when Chinese fintech products and services will continue their slow global expansion.  Produced by Rachel Williamson and Charis Palmer, with sound engineering by Kevin Hirshorn. Music credits to Raz Burg and BalloonPlanet.

In the latest NFF of the year, FTS Group's founder, Francesca Aliverti, orchestrates a discussion with Lex Sokolin and Richard Turrin, unraveling the tumultuous year of 2023 in crypto. From SBF's guilt in the FTX scandal to historic settlements, including CZ and Binance, and Kraken under SEC scrutiny—the crypto market surged amid unpredictability. Shifting focus, the conversation explores CBDCs, spotlighting the European Central Bank's plans and China's digital yuan success, particularly in an intriguing oil purchase. The discussion then turns to the regulatory landscape, contrasting US and European approaches to AI, prompting a debate on the balance between innovation and regulation. Concluding with a few fintech predictions - tune in for a concise yet comprehensive exploration of pivotal financial trends. ‌ Connect with our guests: Richard Turrin - https://www.linkedin.com/in/turrin/ Lex Sokolin - https://www.linkedin.com/in/alexeysokolin

George Noory and author Richard Turrin discuss the ramifications of phasing out cash in favor of digital currency. See omnystudio.com/listener for privacy information.

China continues to forge ahead with its central bank digital currency, notching up millions of transactions through giveaways and lottos. But beyond the consumer headlines lies a long-term strategy that could disrupt both banks and international trade.  We speak with two experts, 'Cashless' author Richard Turrin and Singapore Management University professor and China economic law scholar Heng Wang, on what it might mean for banks and the global financial order. 

In this episode, Richard Turrin, David Tercero-Lucas, Ricky Lamberty and Jakob Bouchetob are discussing machine-to-machine payment schemes and their regulation.

In this edition of Policy talk, Richard Turrin - author of 'Cashless' who predicted the rise of cashless economy much before it became prevalent and an expert on central bank digital currencies  - tells Yatish Rajawat why CBDCs will change global banking in 2023.

Richard Turrin is the international best-selling author of "Cashless: China's Digital Currency Revolution".  He is currently one of the top fintech influencers in the world.  A former investment banker of 20 years, he headed the fintech teams at IBM and is an expert on finance, technology and AI.  Today we discuss the buzz and controversy over China's new digital yuan (CBDC).  We talk about data privacy, the disturbing truth about credit cards, hidden taxes on society, financial inclusion, crypto currency, tech companies, payment apps, government control, programmable money and social credit in the US and China. ____________________ If you enjoy this show don't forget to leave a rating! Follow Us On Instagram: https://www.instagram.com/thehonestdrink_/ Email: thehonestdrink@gmail.com Join Us On WeChat: THD_Official Find us on: Spotify, Apple, Google Podcasts, YouTube, Ximalaya, 小宇宙, 网易云音乐, Bilibili or anywhere else you get your podcasts.

Richard Turrin is the international best-selling author of "Cashless: China's Digital Currency Revolution". He is a top global fintech influencer, previously heading fintech teams at IBM. A former investment banker of 20 years, he is an expert on finance, technology and AI. Today we discuss the digital yuan (CBDC). We talk about data and privacy, the disturbing truth of credit card networks, financial inclusion, crypto currency, tech companies, payment apps, programmable money and social credit in the US and China.Don't forget to leave a rating and subscribe!Add us on WeChat: THD_OfficialEmail: thehonestdrink@gmail.comInstagram: thehonestdrink_Find us on: Apple, Spotify, 喜马拉雅, 小宇宙, 网易云音乐, Bilibili, YouTube...

In this episode, we explore the history of QR code (Quick Response Code), the reason behind its rising popularity as a medium that connects the physical and digital worlds, as well as future developments for this technology. Our guest for this episode, Richard Turrin, a former FinTech executive at IBM, now a best-selling author, will talk about how he witnessed firsthand the transformational power of QR code in China in the 2010s. Leading the conversation will be our guest host, Theodora Lau, founder of Unconventional Ventures. Sections in this episode: 00:04 Intro 03:44 The origin of the QR code 09:33 Where else do we see smart implementations of QR code outside of China? 12:51 EU's adoption of QR code as a standard 16:30 How does QR code enable financial inclusion? 19:56 How does QR code compare to NFC technology? 24:20 What role will QR code play in embedded finance? 33:30 Outro If you would like to repost this episode or partner with AntKast, please reach us through: zhumei.wzm@antgroup.com

Description: An Inclusive Financial System goes beyond reducing the number of people with no bank accounts or with no access to credit & investment opportunities. This long but colorful discussion with Theodora Lau from DC and Richard Turrin from Shanghai touch on the complexity and the nuances of the topic. This discussion was prompted after reading the WEF paper on `Shared principles for an inclusive financial system` An Inclusive Financial System with Principles, Theodora Lau, Richard Turrin Both guests are authors of books that cover such topics. `Beyond Good` Theo Lau & Bradley Leimer.`Cashless`Richard Turrin/ Dr. Efi Pylarinou is the No.1 Global Woman Influencer in Finance & the Data conversation by Refinitiv, a Top Thought Leader by Onalytica, and a Top Digital Futurist, Linkedin and Twitter Voice, by Engatica. A seasoned Wall Street professional & a recognized technology thought leader on innovation topics. Founder of Efi Pylarinou Advisory servicing Big Tech, Financial Services and Fintech clients. She strongly believes in building bridges between the old and the new economy. She shares her passion of content creation with her 190,000+ followers on Linkedin and 18,000+ on Twitter. Join her on the social platforms See more podcasts here. More about Irish Tech News Irish Tech News are Ireland's No. 1 Online Tech Publication and often Ireland's No.1 Tech Podcast too. You can find hundreds of fantastic previous episodes and subscribe using whatever platform you like via our Anchor.fm page here: If you'd like to be featured in an upcoming Podcast email us at Simon@IrishTechNews.ie now to discuss. Irish Tech News have a range of services available to help promote your business. Why not drop us a line at Info@IrishTechNews.ie now to find out more about how we can help you reach our audience. You can also find and follow us on Twitter, LinkedIn, Facebook, Instagram, TikTok and Snapchat.

Description: An Inclusive Financial System goes beyond reducing the number of people with no bank accounts or with no access to credit & investment opportunities. This long but colorful discussion with Theodora Lau from DC and Richard Turrin from Shanghai touch on the complexity and the nuances of the topic. This discussion was prompted after reading the WEF paper on `Shared principles for an inclusive financial system`https://www.weforum.org/whitepapers/s... Both guests are authors of books that cover such topics. `Beyond Good` Theo Lau & Bradley Leimer https://www.lehmanns.ch/shop/naturwis...`Cashless`Richard Turrin https://richturrin.com/ Dr. Efi Pylarinou is the No.1 Global Woman Influencer in Finance & the Data conversation by Refinitiv, a Top Thought Leader by Onalytica, and a Top Digital Futurist, Linkedin and Twitter Voice, by Engatica. A seasoned Wall Street professional & a recognized technology thought leader on innovation topics. Founder of Efi Pylarinou Advisory servicing Big Tech, Financial Services and Fintech clients. She strongly believes in building bridges between the old and the new economy. She shares her passion of content creation with her 190,000+ followers on Linkedin and 18,000+ on Twitter. Join her on the social platforms https://linktr.ee/Efiglobal

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. Take 2 minutes and vote for CamBro Conversations in the British Podcast Awards before the 17th July - www.britishpodcastawards.com/vote Connect with Rich: LinkedIn - https://www.linkedin.com/in/turrin/ Twitter - https://twitter.com/richardturrin Connect with Col: Instagram: https://www.instagram.com/col.cambro/ Email List - https://mailchi.mp/548e38ba5942/colincambro Support me: MyProtein and MPCOL for 37% off - http://bit.ly/MyProteinCol

Is cryptocurrency a gamble or an investment? Can it truly be an enabler of financial inclusion? Recently, Charlie Scharf, CEO of Wells Fargo, remarked that "crypto can be worth something as long as someone believes it's worth something." From cryptocurrencies to stablecoins to Central Bank Digital Currencies (CBDC), what is the next version of capital markets and what does the future hold? In this episode of One Vision, Theo and Arun chat with Richard Turrin about the aftermath of the Terra Luna crash, the ripple effect for decentralized finance, regulatory differences between regions, and potential path forward.

Is cryptocurrency a gamble or an investment? Can it truly be an enabler of financial inclusion? Recently, Charlie Scharf, CEO of Wells Fargo, remarked that "crypto can be worth something as long as someone believes it's worth something." From cryptocurrencies to stablecoins to Central Bank Digital Currencies (CBDC), what is the next version of capital markets and what does the future hold? In this episode of One Vision, Theo and Arun chat with Richard Turrin about the aftermath of the Terra Luna crash, the ripple effect for decentralized finance, regulatory differences between regions, and potential path forward. See acast.com/privacy for privacy and opt-out information.

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.Sponsorships & partners:- Sons: Sons.ie | Sons.co.uk and use code KICKOFFSESSIONS40 for 40% off- ExpressVPN: ExpressVPN.com/kickoffsessions and get 3 extra months free- Buzzsprout: Buzzsprout.com and receive a $20 Amazon Gift Card(00:00) Sponsorships:  Sons.ie | Sons.co.uk(01:42) Introduction(03:46) Richard Turrin's newsletter (05:00) What is life like living in Shanghai, China?  (06:00) How has China's zero covid policy been felt in China?  (10:05) Has there been police brutality & food shortages in China?  (13:55) Has media in the west caused more conflict with the east? (15:48) The rising inflation rate across the world today  (21:46) Will western tourists return to China after lockdowns? (26:25) Have central bank digital currencies (CBDC) become mainstream? (30:33) Will CBDC track a user's transactions online? (34:45) Why would someone want to use CBDC?  (40:10) The difference between CBDCs & Bitcoin(43:30) Coinbase & exchanges holding positions as collateral (47:10) The two biggest concerns in the crypto market(51:00) What are the risks of Terra Luna & stable coins? (56:20) What have you learned from crypto fraud issues? (59:40) Why will DeFi & TradFi combine in the future? (01:10:00) Where can people find you? Please leave a review:- Spotify: https://spoti.fi/36RrL9Y- Apple: https://apple.co/3uCwViFSocials:- YouTube: https://bit.ly/3HleVy2- Spotify: https://spoti.fi/3EE3FuG- Apple: https://apple.co/32ArW7D- LinkedIn: https://bit.ly/3FCS3JA- TikTok: https://bit.ly/314iZD6Services:- Career mentoring: https://bit.ly/3FCS3JA- Podcast consulting: https://bit.ly/3aYzm5w- Newsletter: https://bit.ly/3JqwThis episode is sponsored by Sons. Please support the podcast and get 40% off your first order by using the discount code KICKOFFSESSIONS40. Sons IE: sons.ieSons UK: sons.co.ukSons are a men's health care brand that offers clinically proven, licenced hair loss treatments for less than the cost of a cup of coffee per day. - ExpressVPN: ExpressVPN.com/kickoffsessions and get 3 extra months free- Buzzsprout: Buzzsprout.com and receive a $20 Amazon Gift CardSupport the show

In this special presentation from Breaking Banks, a very comprehensive report on China's Central Bank Digital Currency trial. With global experts including Richard Turrin, Henri Arslanian, Ruth Wandhöfer and Dave Birch, interviews of citizens using the digital currency on the ground and recent coverage across mainstream media, this is the single most important episode on CBDC development we've ever attempted. We hope you enjoy this special production from the team at Breaking Banks. https://www.youtube.com/watch?v=KvhpowbmHjA

Talking with Richard Turrin about his book Cashless: China's Digital Revolution which has been recently translated to Polish, as well as about new technologies, and digital currencies in global finance.

Q1: Richard, why don't you start off by sharing what does China's fintech landscape looks like? Ans: >Most people in China don't use cash, instead they use payment platforms >People went cashless in China even before the People's Bank of China (PBOC) launched its digital currency for trials     Q2: How long has China been experimenting with the digital currency, and what does the digital currency looks like in the pilot project?   Ans: >Works to build the central bank digital currency started in 2014    >Trials for the digital currency started in late-August of 2020 >Shenzhen city first used the central bank digital currency (CBDC) >Even in 2022, most local retailers don't accept the (under-trial) digital currency in Shanghai >Around 250 million people have downloaded the app in 12 trial cities     Q3: If I have understood you correctly, right now the CBBC, what it looks like, is essentially a payments wallet.   Ans: >The central bank digital currency is design off Alipay and WeChat platforms > Alipay and WeChat use QR codes to make payments, where the money is stored in a bank or WeChat account >In case of central bank digital currency, the money is stored digitally on the phone      Q4: One similarity between China and India is the existence of these fintech firms that have actually become quite big? So, what has been the impact of the CBDC on Alipay and WeChat? Have they lost out? Ans: >Amount of transaction carried out during the trial of central bank digital currency (CBDC) is low >No impact of CBDC on Alipay and WeChat for now >In the future, the system will impact Alipay and WeChat. But they will coexist in the payment ecosystem  >People will have the choice of payment platforms, like choosing a credit card over other >Usage will increase if people get salaries in digital currencies >CBDC, Alipay, WeChat etc are going to be symbiotic in nature and will make digital payments big in China   Q5: Where does crypto fit in all of these?  Ans: >Cryptocurrencies are banned in China >Cryptos will coexist with fiat currencies in India and other countries >If India builds a digital currency that can be transferred from one phone to another without a network (like NFC), it will be ground breaker     >A central bank digital currency will be helpful in financial inclusion in India   >Mobile technologies that allow offline payment offer tremendous benefits to rural population >Central bank digital currencies offer stability, unlike the volatility of cryptocurrencies     Q6: You know, everybody is talking about how crypto itself might not be around for a while. Blockchain technology could form a part of digital currency. Is that the experience of China? Does Blockchain figure anywhere in the architecture? Ans: >Blockchain is unsuitable for big countries that need payment systems with high throughput and speed >Standard credit card network in the West operate between 50,000 to 70,000 transactions per second >During big shopping days in China, Alipay network exceeds 5,00,000 transactions per second >Fast Blockchain protocols exists, but none of them are ‘bullet-proof' for a central bank to build on now     Q7: China has toyed with the idea of banning personal QR Codes. Why is this? Ans: >China banned personal QR codes that were used for business transactions >The concept is: If you are running a business, don't use your personal QR code for business purposes     Q8: If we can zoom out a little, what does China's experiment with CBDC mean for its economy? And what does it mean for global trade? Ans: >Alipay and WeChat is doing a good job about making a payment for coffee >China's digital currency is about further digitisation of payments in the society, like paying salaries, business expenses etc      Q9: What do you mean when you say that they were not designed to go? Ans: >Chinas's Alipay and WeChat are not designed for companies to make salary payments to employees >Another use case o

The price of aviation turbine fuel -- or popularly known as jet fuel-- hit an all-time high last week after a fifth round of increase this year. And the financially-distressed airline industry decided to pass on the burden to fliers by effecting a hike of about 20% in airfares. So what does it mean for the aviation sector and also for the travellers? After the Indian skies, let us see what is happening in China's fintech landscape. In an interview with Business Standard's Vikram Gopal, fintech expert Richard Turrin tells about how China is moving ahead with its digital currency. He also clears some air on its Indian version.  Digital currencies may well replace other forms of transactions in equity markets in the days to come. Meanwhile, benchmark indices saw a sharp selloff last week with Nifty50 sinking in red at 16,245, down by 252 points. And Sensex tanked 768 points to settle at 54,333. This week is also likely to be action-packed as results of state polls will be announced. And the government may also go ahead with fuel price hike after maintaining the status quo for four months. Our next report tells about how market is likely to react to these developments After bulls and bears, let us move on to birds. Parts of the country reported an outbreak of the H591 bird flu late last month. Thousands of domestic birds were culled. So, what exactly is bird flu and how does it spread? Also, should you worry about eating eggs and chicken? Let's find out in this episode of the podcast.  Watch video

Richard (Rich) Turrin is the international best-selling author of “Cashless - China's Digital Currency Revolution” and “Innovation Lab Excellence.” He is an Onalytica Top 100 Fintech Influencer and an award-winning executive previously heading fintech teams at IBM following a twenty-year career in investment banking. Living in Shanghai for the last decade, Rich experienced China going cashless first-hand. Hear about:What is the Chinese digital yuan, and why it is different from cryptocurrencies; What are the different levels of anonymity the digital yuan offers;Will the Chinese digital yuan help break the duopoly of the Alibaba and WeChat mobile payments in China;How will the Chinese digital yuan impact the world;Rich's personal experience using the digital yuan in Shanghai;How does PBOC enable the digital yuan to be used without internet access?Find Rich on LinkedIn, Twitter, and check out his book Cashless on apple books, Amazon, and any other digital bookstores across the planet.

Richard (Rich) Turrin is the international best-selling author of “Cashless - China's Digital Currency Revolution” and “Innovation Lab Excellence.” He is an Onalytica Top 100 Fintech Influencer and an award-winning executive previously heading fintech teams at IBM following a twenty-year career in investment banking.  Living in Shanghai for the last decade, Rich experienced China going cashless first-hand. Hear about:   What is the Chinese digital yuan, and why it is different from cryptocurrencies; What are the different levels of anonymity the digital yuan offers; Will the Chinese digital yuan help break the duopoly of the Alibaba and Wechat mobile payments in China; How will the Chinese digital yuan impact the world; Rich's personal experience using the digital yuan in Shanghai; How does PBOC enable the digital yuan to be used without internet access? Find Rich on LinkedIn, Twitter, and check out his book Cashless on apple books, Amazon, and any other digital bookstores across the planet.

In this episode, our guest is the incredible Richard Turrin, who helps demystify the concept of Central Bank Digital Currencies (CBDC). Based out of China, Richard has a ringside seat on how China is transforming into a cashless society - a theme picked up in his latest book Cashless. He talks us through what a CBDC is and why he believes they are the future.

Summary: The world is becoming more digital in a multitude of ways—one of the most prevalent being with money transactions. I sit down and speak with best selling author Richard Turrin about what some of these changes look like, and why this is a game changer for the big economies—starting with China. Tune in for more, and visit the links below to access Richard Turrin's main website and book. Highlights: -Everyone seems to be getting into crypto -There are very few cash transactions taking place in China -Are digital currencies going to completely replace cash/standard currency? -China is a cashless society in the big cities -China is launching the world's first central bank digital currency (CBDC) for a major economy -A CBDC is not a cryptocurrency; it is a digital representation of paper money -These transactions are free -This also gets rid of the middle man—no credit processing needs to be done -central digital currencies can be built on blockchain, but blockchain usually can't sustain them in a large economy -Central bank digital currency is issued by the central banks -Stable coins are a cryptocurrency and they are a special kind of cryptocurrency that is tied to the value of the dollar -There will be stable coin companies that are regulated similarly to banks -With a lot of crypto coins, an unlimited amount can be created -The new version of stable coins will be great Useful Links Financial Survival Network Rich Turrin Cashless: China's Digital Currency Revolution by Richard Turrin

We have a brand-new Membership you can join! Check it out atwww.GeopoliticsInConflict.comIt will give you a chance to go even deeper into the most pressing global topics. You'll get more information and a much deeper dive with bi-weekly live calls and Q&A with Dr. David Oualaalou PhD & Dr. Ross Stewart PhD, as well as a community to ask questions and have discussions with others who are interested in deeper information and knowledge as well.China's technological advancement and dedication to innovative Artificial Intelligence (AI) systems are growing rapidly & robustly. In this conversation with Richard Turrin, we ask him the following:1) What impact do you foresee AI may have on China's development of sophisticated systems?2) Where is China headed when it comes to Digital Innovation?3) Why is the US lagging behind China in the AI sector?4) Is the US losing the AI battle?One thing is sure: China's advancement in the AI sector will impact not only its social, economic, and political structure, but also affects the world.Subscribe to our Instagram:@GeopoliticsInConflictSubscribe to our Blog: https://www.globalperspectiveconsulti...Follow us on Rumble: https://rumble.com/c/c-1063611?durati...Follow us on Odysee: https://odysee.com/@GeopoliticsInConf...Follow us on Twitter: https://twitter.com/doualaalou#artificial intelligence #putin #china #usa #digitalinnovation

Nov 9 – FS Insider welcomes Richard Turrin, author of Cashless: China's Digital Currency Revolution, to discuss China's rapid adoption of cashless payments and its current transition over to a... Subscribe to our premium weekday podcasts: https://www.financialsense.com/subscribe

In this conversation, we chat with Richard Turrin – an award-winning executive, previously heading FinTech teams at IBM, following a twenty-year career, heading trading teams at global investment banks. He's also the author of the number one international bestseller, Innovation Lab Excellence. One of his books is Cashless: China's Digital Currency Revolution, which brings the story of China's incredible new central bank digital currency to the west. He lives in Shanghai, China, where he's had the privilege of living in China's cashless revolution firsthand. More specifically, we touch on where China has gotten to in terms of FinTech and blockchain and dispel some of the myths and assumptions that people bring to the conversation. Additionally we touch on the CBDC and how that's becoming really important, and how Richard got to China in the first place and began to build a career there, and so so much more!

Richard Turrin is an award-winning executive previously heading fintech teams at IBM, following a twenty-year career heading trading teams at global investment banks. Rich is the author of No. 1 international bestseller “Innovation Lab Excellence” which helped others make their labs more productive and take away the pain points that make innovation difficult. His most recent book is "Cashless: China's Digital Currency Revolution." This book brings the story of China's incredible new Central Bank Digital Currency to the West. Richard lives in Shanghai, China where he has had the privilege of living China's "cashless" revolution firsthand.

Do you want more financial inclusion? Digital payment is your answer. Dr. Diane Hamilton's guest, Richard Turrin, explains how digital payment brings financial inclusion to those who have less, are unbanked, or underbanked. Richard is the author of Amazon's #1 Best-Selling book in Online Banking, Cashless: China's Digital Currency Revolution. Join in the conversation to better understand how China lays out a roadmap for the world's digital future. Instead of having a paper dollar bill in your wallet, you'll have a digital wallet and digital bills. You wouldn't want to miss this episode! Love the show? Subscribe, rate, review, and share!Here's How »Join the Take The Lead community today:DrDianeHamilton.comDr. Diane Hamilton FacebookDr. Diane Hamilton TwitterDr. Diane Hamilton LinkedInDr. Diane Hamilton YouTubeDr. Diane Hamilton Instagram

Innovation and Fintech expert, Richard Turrin discusses Chinaʻs mobile payment revolution, Central Bank Digital Currency (CBDC), and what it means for the West. Guest Biography Rich headed fintech for IBM Cognitive Studios Singapore (IBM's Innovation Lab) where he led a team that built innovative AI and analytic solutions. He also worked in IBM China where he led his team to win the prestigious “Risk Technology Product of the Year” award for his unique hybrid-cloud solution to risk analytics. Rich was a banker for almost 20 years and a serial innovator throughout his career. Specializing 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. As an experienced finance professional and systems builder, Rich understands what financial services companies need in order to thrive and how non-financial companies can benefit from advances in Fintech. In this episode, you'll learn: How Fintech can change society's relationship with money The positive impact of China going cashless What is a Central Bank Digital Currency (CBDC) and why is it complex for countries to implement? Show notes: http://www.inspiredmoney.fm/208 Find more from our guest: www.richturrin.com Twitter LinkedIn Mentioned in this episode: Hult International School of Business Facebook-backed Diem Coin Google Plex Checking Account Books Cashless: China's Digital Currency Revolution by Richard Turrin Innovation Lab Excellence: Digital Transformation from Within by Richard Turrin Thanks for Listening! To share your thoughts: Leave a note in the comment section below. Share this show on Twitter or Facebook. Join us at the Inspired Money Makers groups at facebook and LinkedIn To help out the show: Leave an honest review on Apple Podcasts, Podchaser.com, or wherever you listen. Your ratings and reviews really help, and I read each one. Subscribe on Apple Podcasts. Are you familiar with WePay or AliPay? Are you prepared to go cashless?

The future of digital currencies is here, and it's most likely here to stay.  Today Peter Kerr, Yieldstreet CFA and Director of Product Marketing, sits down with Richard Turrin, Serial Innovator, to discuss how technology, finance, and regulation come together to impact innovation.  He breaks down the advanced state of digital currency in China, possibilities for the future of digital credit and central bank digital currencies, what Bitcoin is doing right, and what exactly it all means for today's investors. Click here to subscribe and listen: https://podcasts.apple.com/us/podcast/the-yield/id1527659260Key Takeaways:[1:04] Richard highlights the Fintech career he built in China. [5:24] Which countries have the opportunity to experience the next catapult of financial growth? [8:54] China is taking steps to prepare for the digital future now. [13:42] How is China loosening their dependence on credit growth while reaching their target growth numbers? [19:35] A break down of digital credit as a transformative path to investing in the future. [21:33] The key difference between your bank's mobile app and Bitcoin. [25:34] Implications of The Federal Reserve moving to digital currencies. [30:00] The role of large financial institutions and global banks in the transition to digital banking. [34:09] Richard's books and his advice for making innovations happen. [37:28] Richard's experience with real estate investing in a digital currency world. [40:36] Will central bank digital currencies be based on the blockchain? Mentioned in This Episode:YieldstreetCashless: China's Digital Currency Revolution by Richard TurrinInnovation Lab Excellence: Digital Transformation from Within by Richard Turrin

Richard Turrin is the best selling author of Innovation Lab Excellence, and recently published his new book Cashless: China's Digital Currency Revolution. This new release covers the story and context of China's new Central Bank Digital Currency (CBDC) and the innovation happening in that space. In this episode, Richard walks us through the efforts China has made to innovate within its Fintech platforms, and how it poses a long-term threat to US Dollar dominance. With smart contracts on the way, what does the world look like with a maximally successful Chinese CBDC? Listen in and find out. In this episode's exclusive debrief, we dive into all the questions we didn't have time to ask and explore how big of a challenge CBDCs pose to crypto. Get it here: https://shows.banklesshq.com/p/exclusive-debrief-chinas-digital  ------

Summer vacations are soon done and dealt with in the Nordics and that means Fintech Daydreaming is back for season four of our podcast! To kick things off Pål Krogdahl and Ville Sointu had a chat with author and consultant Richard Turrin about his new book “Cashless: China's Digital Currency Revolution” and all things digital currencies. Richard lives and works in China and we respected this dynamic by outsourcing our mandatory fintech joke to him - listen in to see how this decision played out

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.Sponsorships & partners:- Sons: Sons.ie | Sons.co.uk and use code KICKOFFSESSIONS40 for 40% off- ExpressVPN: ExpressVPN.com/kickoffsessions and get 3 extra months free- Buzzsprout: Buzzsprout.com and receive a $20 Amazon Gift Card(00:00) Sponsorships:  Sons.ie | Sons.co.uk(01:42) 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) OutroPlease leave a review:- Spotify: https://spoti.fi/36RrL9Y- Apple: https://apple.co/3uCwViFSocials:- YouTube: https://bit.ly/3HleVy2- Spotify: https://spoti.fi/3EE3FuG- Apple: https://apple.This episode is sponsored by Sons. Please support the podcast and get 40% off your first order by using the discount code KICKOFFSESSIONS40. Sons IE: sons.ieSons UK: sons.co.ukSons are a men's health care brand that offers clinically proven, licenced hair loss treatments for less than the cost of a cup of coffee per day. - ExpressVPN: ExpressVPN.com/kickoffsessions and get 3 extra months free- Buzzsprout: Buzzsprout.com and receive a $20 Amazon Gift CardSupport the show

China has been at the frontier of digital banking innovation since 2014, when their tech giants WeChat and AliPay began driving banks to play catch up with raised user expectations. Creating an entirely different financial ecosystem than what one might experience in North America or even Europe, China's banking is completely digitally integrated, with cash a long lost piece of the past. In this episode, Eyal sits down with banking innovation expert and author of “Cashless - China's Digital Currency Revolution”, Richard Turrin, to discuss how China got here and where they are headed. They discuss the inner workings of China's digital ecosystem, the role of WeChat and Alipay and the launch of Digital Yuan, and what regions with open banking aspirations can learn from China's experience.Specifically they discuss: How market demand fuelled China's cashless lifestyle;China's different approach to open banking compared to the Western world;Whether or not digital yuan is levelling the playing field for banks; How CBDCs will coexist with payment apps; What others can learn from China's digital banking journey

China has been at the frontier of digital banking innovation since 2014 when their tech giants WeChat and AliPay began driving banks to play catch up with raised user expectations. Creating an entirely different financial ecosystem than what one might experience in North America or even Europe, China's banking is completely digitally integrated, with cash a long-lost piece of the past. In this episode, Eyal sits down with banking innovation expert and author of “Cashless - China's Digital Currency Revolution”, Richard Turrin, to discuss how China got here and where they are headed. They discuss the inner workings of China's digital ecosystem, the role of WeChat and Alipay and the launch of Digital Yuan, and what regions with open banking aspirations can learn from China's experience.Specifically, they discuss: How market demand fuelled China's cashless lifestyle;China's different approach to open banking compared to the Western world;Whether or not digital yuan is leveling the playing field for banks; How CBDCs will coexist with payment apps; What others can learn from China's digital banking journey

Richard Turrin is an award-winning, dynamic Fintech expert with over 20 years of experience in leveraging new technology to drive revenue growth for market-leading companies. He writes, speaks, and consults on innovation and China because he learned about both the hard way. He headed four labs in banks responsible for financial product innovation and headed fintech operations in China. His best-selling books 'Cashless' and 'Innovation Excellence Lab' are some of the most recommended books on the topic. He has worked for IBM in senior roles and has been a professor at Hult International Business School. 00:00 intro 00:38 Financial Crisis of 90s and Arrival in Shangai 03:32 China, From Copycat to Innovator, WeChat and Mark Zuckerberg 08:42 Twelfth Five-Year Plan, Regulation of IT and China's Gorbachev of Fintech 15:09 Crocodile in the Yangtze, Chinese's Public-Private Partnership and Liberalisation 24:19 China's Great Firewall, Invasion of Privacy and Uhygar Plight, Freedom as an Average Consumer 32:24 Central Bank Digital Currency, Blockchain and Version 2.0 42:00 Architecture of CDBC. Centralised, Decentralised or Distributed. Public or Private BlockChain 54:00 Challenges of International Adoption of China's CDBC , US's Exclusionary Policy and China's Partnerships in Africa and Middle East 01:11:50 Losers in Chinese CDBC War, US and Allies, PayPal, Square, Stripe and Alipay 01:29:30 US Foreign Policy, Walk of Shame out of Afghanistan, Fiascos in Iraq and Vietnam and Lost Respect in International Community 01:39:50 China's Innovation beats US by at least 5 Years, Repercussions of CDBC, Smart Contracts and Private Sector Trade 01:12:21 Inspiration in Life, Love of Books and Loss of Mother

What does the future hold for a cashless economy? The day when all of us might have digital wallets with a selection of digital currencies might not be too far out to the future, according to Richard Turrin, author of new book “Cashless”, and an expert on China's fintech developments and the digital currency revolution. In this episode of One Vision, Theo and Bradley chat with Richard about the current CDBC landscape across different regions around the world, the superapp ecosystem, and the role of big tech in the innovation economy.

What does the future hold for a cashless economy? The day when all of us might have digital wallets with a selection of digital currencies might not be too far out to the future, according to Richard Turrin, author of new book “Cashless”, and an expert on China’s fintech developments and the digital currency revolution.In this episode of One Vision, Theo and Bradley chat with Richard about the current CDBC landscape across different regions around the world, the superapp ecosystem, and the role of big tech in the innovation economy. See acast.com/privacy for privacy and opt-out information.

What does the future hold for a cashless economy? The day when all of us might have digital wallets with a selection of digital currencies might not be too far out to the future, according to Richard Turrin, author of new book “Cashless”, and an expert on China’s fintech developments and the digital currency revolution.In this episode of One Vision, Theo and Bradley chat with Richard about the current CDBC landscape across different regions around the world, the superapp ecosystem, and the role of big tech in the innovation economy. See acast.com/privacy for privacy and opt-out information.

Welcome to this very special anniversary episode of Breaking Banks. Don’t miss our 8th anniversary extravaganza to hear friends of the show discuss the greatest moments in Breaking Banks history. A few of the most incredible minds in the industry like Richard Turrin, Jo Ann Barefoot, David Birch, Ron Shevlin, Chloe James, Paul Ark and Jim Marous explore the past, the present and the future of banking and fintech.

Kina er blevet et af verdens mest digitale samfund, hvor smartphonen er centrum for alt. Næste skridt bliver en digital, statsstyret valuta. CBDC - central bank digital currency - er en digital valuta udstedt af en centralbank. En digital version af kontanter, men ikke en bitcoinlignende kryptovaluta. I Kina har mere end 100.000 mennesker downloadet en app til teste den kommende e-yuan. De to apps WeChat og Alipay har hidtil domineret det kinesiske marked. De er grundlaget for de fleste af Kinas fremskridt inden for digitale betalinger, fordi de var de første til at popularisere mobilbetalinger og de første til at erhverve digitale banklicenser. Vesterlændinge, som er flyttet til Kina, siger ofte, at de ikke har haft kontanter på sig de sidste fem år. Den amerikanske finansmand Richard Turrin er ingen undtagelse. Han har netop udgivet bogen "CASHLESS" - kontantløs, der fortæller historien om Kinas vej fra fattige bønder uden bankkonti over apps og digitale handelsplatforme til en statsstyret digital valuta. Medvirkende: Richard Turrin, forfatter og FinTech, AI og Innovation Consultant Link: Richard Turrin på Amazon https://www.amazon.com/Richard-Turrin/e/B07PQP33TC%3Fref=dbs_a_mng_rwt_scns_share Kina er blevet et af verdens mest digitale samfund, hvor smartphonen er centrum for alt. Næste skridt bliver en digital, statsstyret valuta. CBDC - central bank digital currency - er en digital valuta udstedt af en centralbank. En digital version af kontanter, men ikke en bitcoinlignende kryptovaluta. I Kina har mere end 100.000 mennesker downloadet en app til teste den kommende e-yuan. De to apps WeChat og Alipay dominerer de kinesiske marked. De er grundlaget for de fleste af Kinas fremskridt inden for digitale betalinger, fordi de var de første til at popularisere mobilbetalinger og de første til at erhverve digitale banklicenser. Vesterlændinge, som er flyttet til Kina, siger ofte, at de ikke har haft kontanter på sig de sidste fem år. Den amerikanske finansmand Richard Turrin er ingen undtagelse. Han har netop udgivet bogen "CASHLESS" - kontantløs, der fortæller historien om Kinas vej fra fattige bønder uden bankkonti over apps og digitale handelsplatforme til en statsstyret digital valuta. Medvirkende: Richard Turrin, forfatter og FinTech, AI og Innovation Consultant Link: Richard Turrin på Amazon https://www.amazon.com/Richard-Turrin/e/B07PQP33TC%3Fref=dbs_a_mng_rwt_scns_share

  In this episode of the ShiftShapers Podcast, host and Chief Transformation Strategist David Saltzman sits down with Richard Turrin, independent fintech, AI consultant, and author of "Innovation Lab Excellence: Digital Transformation from Within" to discuss what an "Innovation Lab" is and how it creates significant impact to companies which embrace it. He goes into further detail by discussing Skunk Works at Lockheed Martin and how this team is an example of a successful innovation lab. Richard also shares the basic tools of innovation and how companies, especially insurance companies, can apply them to their own systems. He finally talks about the strides China has made in terms of digitizing its own systems. You can find show notes and more information by clicking here: https://bit.ly/2PMntVi  

To many people in the West, China is thought of as a copyer rather than an innovator. However, according to today's guest Richard Turrin, there are many areas in which China is out-innovating even the most advanced Western countries. Richard says "Innovation is really about people and how they relate to new technologies," and in China both companies and people develop and adopt new technologies at an astonishing rate—they are "some of the best users of technology on the planet." This innovation isn't only happening on the tech side, but also in the corporate space. Richard is the former head of IBM's Cognitive Studio and author of the book‘Innovation Lab Excellence', with over 20 years experience in innovation in both China and the West. During this conversation, he also shares insights on why innovation labs become ineffective. Big corporates all around the world are spending massive amounts of resources to connect with startups. Yet, there are still doubts about the tangible impact of many innovation labs. Tune in for a provacative conversation on the mistakes innovation labs make, and the differences in attitude towards innovation in the West and China.[01:24] Intro of Richard Turrin[02:23] Why some Innovation Labs work well and others don't [03:40] A short History of Innovation Labs[04:09] Why best-practices are more suitable for Innovation Labs than fixed rules[05:27] Are Innovation Labs unable to attain their goal or are they failing to actually set goals?[06:56] How fear of competition is an obstacle to Innovation Labs[10:41] Innovation in China & Difference in attitude towards innovation in the West and in China[12:02] Chinese companies biggest advantages[15:52] The growing trend of Chinese Innovation aimed at the whole World[19:55] The three major reasons why people might not be thinking about China?[25:29] Difference between R&D and Innovation[28:00] Push vs Pull innovation strategy[30:05] Blockchain in China[32:19] People's Bank of China supported Cryptocurreny[35:17] Message to companies who are not thinking about China[37:43] Contact Information Richard Turrin Many thanks to our host Oscar Ramos, our guest Richard Turrin, editor David and Geep, producer Eva Shi, organizer Chinaccelerator and sponsor People Squared. Be sure to check out our website www.chinaccelerator.com If you like us, please give us a 5-star review and share with your friends!Follow us on Linkedin: www.linkedin.com/company/the-china-startup-pulse/ Email us: team@chinastartuppulse.com

To many people in the West, China is thought of as a copyer rather than an innovator. However, according to today's guest Richard Turrin, there are many areas in which China is out-innovating even the most advanced Western countries. Richard says "Innovation is really about people and how they relate to new technologies," and in China both companies and people develop and adopt new technologies at an astonishing rate—they are "some of the best users of technology on the planet."This innovation isn't only happening on the tech side, but also in the corporate space. Richard is the former head of IBM's Cognitive Studio and author of the book ‘Innovation Lab Excellence', with over 20 years experience in innovation in both China and the West. During this conversation, he also shares insights on why innovation labs become ineffective. Big corporates all around the world are spending massive amounts of resources to connect with startups. Yet, there are still doubts about the tangible impact of many innovation labs.Tune in for a provocative conversation on the mistakes innovation labs make, and the differences in attitude towards innovation in the West and China.[01:24] Intro of Richard Turrin[02:23] Why some Innovation Labs work well and others don't[03:40] A short History of Innovation Labs[04:09] Why best-practices are more suitable for Innovation Labs than fixed rules[05:27] Are Innovation Labs unable to attain their goal or are they failing to actually set goals?[06:56] How fear of competition is an obstacle to Innovation Labs[10:41] Innovation in China & Difference in attitude towards innovation in the West and in China[12:02] Chinese companies biggest advantages[15:52] The growing trend of Chinese Innovation aimed at the whole World[19:55] The three major reasons why people might not be thinking about China?[25:29] Difference between R&D and Innovation[28:00] Push vs Pull innovation strategy[30:05] Blockchain in China[32:19] People's Bank of China supported Cryptocurreny[35:17] Message to companies who are not thinking about China[37:43] Contact Information Richard TurrinMany thanks to our host Oscar Ramos, our guest Richard Turrin, editor David and Geep, producer Matthew Wu and Eva Shi, organizer Chinaccelerator and sponsor People Squared. Be sure to check out our website www.chinaccelerator.comIf you like us, please give us a 5-star review and share with your friends!Follow us on Linkedin: www.linkedin.com/company/the-china-startup-pulse/Email us: team@chinastartuppulse.com