{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"192 - Richard Turrin: China\u2019s Digital Currency Revolution","description":"Gabriel Custodiet speaks with Richard Turrin, author of a book on China\u2019s rapid transformation to a cashless society.  GUEST \u2192 https:\/\/richturrin.com\/&amp;nbsp; \u2192  https:\/\/www.amazon.com\/Cashless-Chinas-Digital-Currency-Revolution\/dp\/1949642720&amp;nbsp;  \u2192 https:\/\/x.com\/richardturrin&amp;nbsp;  \u2192 https:\/\/substack.com\/@richturrin&amp;nbsp;  \u2192 https:\/\/www.linkedin.com\/in\/turrin\/&amp;nbsp; &amp;nbsp; MY PREMIUM NEWSLETTER \u2192 http:\/\/watchmanstorch.com&amp;nbsp;  \u2192 Join my exclusive privacy community &amp;nbsp; MY PRIVACY TUTORIALS \u2192 https:\/\/escapethetechnocracy.com\/&amp;nbsp; (including consulting) \u2192 https:\/\/watchmanprivacy.com&amp;nbsp; (Gabriel's personal site) \u2192 https:\/\/twitter.com\/watchmanprivacy&amp;nbsp; &amp;nbsp; SUPPORT INDEPENDENT GONZO TECHNO-ADVENTURE JOURNALISM \u2192 No sponsors. No ads. Just truth. \u2192 https:\/\/watchmanprivacy.com\/donate.html&amp;nbsp; &amp;nbsp; &amp;nbsp; TIMELINE 00:00 \u2013 Introduction 1:30 \u2013 Guest background 3:20 \u2013 China\u2019s rapid cashless transformation from 2010 \u2013 2018 7:00 \u2013 Did China have a plan to create this cashlessness? 10:40 \u2013 What is the reality in 2025? 13:00 \u2013 What is WeChat like at the user level? 19:50 \u2013 Are Alipay and WeChat sandboxed? 21:25 \u2013 Scams on Alipay and WeChat 26:45 \u2013 How do foreigners use Chinese payment apps? 30:20 \u2013 How will China transition to a Central Bank Digital Currency (CBDC) 39:07 \u2013 Banks in China had to get on board 48:40 \u2013 Fees for Alipay and WeChat are essentially zero 50:50 \u2013 How often can Chinese use apps outside of China? 52:30 \u2013 Are Chinese allowed to use other payment methods? 55:05 \u2013 China data sovereignty 1:04:00 \u2013 Final thoughts  Music by Karl Casey @ White Bat Audio ","author_name":"Watchman Privacy","author_url":"https:\/\/watchmanprivacy.com","html":"<iframe title=\"Libsyn Player\" style=\"border: none\" src=\"\/\/html5-player.libsyn.com\/embed\/episode\/id\/37847130\/height\/90\/theme\/custom\/thumbnail\/yes\/direction\/forward\/render-playlist\/no\/custom-color\/88AA3C\/\" height=\"90\" width=\"600\" scrolling=\"no\"  allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen><\/iframe>","thumbnail_url":"https:\/\/assets.libsyn.com\/secure\/content\/191985375"}