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