China's Digital Yuan Will Change The World

China's Digital Yuan will Change the World | Real Talk China Ep6

Cyrus Janssen:  May 23, 2021

0:00- Video Introduction

1:21 - Richard’s Book “Cashless”

3:52 - Why is Digital Currency Important for Us?

4:55 - What is Digital Currency?

6:08 - How is WeChat and Alipay Different?

7:24 - Is Digital Currency a Cryptocurrency?

8:37 - How will Digital Currency Affect WeChat/Alipay?

12:33 - Can China's new digital RMB replace the USD as the reserve currency?

16:50 - How the Digital RMB will help China become less dependent on USD

19:23 - Isn’t the Digital RMB just another currency? NO! Here is Why

23:07 - What is the future of SWIFT and our banking system?

26:49 - America’s Digital Currency Future

29:09 - How Digital Currency Can Help America’s Low Income Families

31:27 - How China built their Digital Currency

31:56 - What the Federal Reserve Needs to Do

33:24 - Do you need internet access to use China's digital currency?

34:15 - How will the digital RMB impact China's elderly population?

35:25 - What is the difference between CBDC and Crypto Currency?

36:17 - Will Foreigners and tourists be able to use China’s Digital Currency?

36:56 - What other countries are developing a digital currency?

39:05 - Is there an international standard for digital currencies?

40:00 - How can China gain the trust of the world to use it’s Digital Currency?

42:53 - Why the world owes a debt of gratitude to China

https://www.youtube.com/watch?v=cHQFCCkR2bg

 

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