Richard Turrin on China Going Cashless and the Coming of Central Bank Digital Currencies

November 9, 2021 – 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 central bank digital currency (CBDC). Richard discusses what is happening right now in the fintech space, what is coming for the United States, the good and bad of CBDCs in terms of programmable money, stimulus payments, and greater control of how money is spent where and when.

From Amazon: Richard Turrin is an award-winning executive with more than 20 years of experience in fintech innovation. He is an independent fintech and AI consultant, helping clients navigate the uncharted waters associated with the latest cognitive technologies. He previously headed fintech for IBM Cognitive Studios Singapore and worked for 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 capital market 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 this experience to put fintech and AI to work for his clients. He is an author and enjoys spreading the message of digital transformation through conferences and blog posts. Most of all, he enjoys building teams and systems that solve real problems. As a consultant he focuses on people, not just tech, since in his experience people's relation to tech is the key to innovation. Learn more at

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