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

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 Chin