The first banknotes were issued in China during the reign of Emperor Hien Tsung (AD806-82) and now China is at the forefront of digitising notes and coins into a retail CBDC.
Will China’s story of going ‘cashless’ foretell the West’s digital future?
More about Cashless:
Cashless is the first and only book that dives deep into the design and use of China’s new central bank digital currency. This represents a roadmap for our shared digital currency future and a long-term threat to US dollar dominance.
China is changing the very nature of money and borrowing heavily from cryptocurrency to cement its role as the world’s financial technology leader.
Cashless is written by the best-selling author of Innovation Lab Excellence, an award-winning expert in fintech innovation, career banker, and technology expert who has experienced China’s cashless revolution firsthand as a former US resident living in China. It reveals how:
China’s digital currency can help you better predict and navigate the cashless future coming to the US—and the world
Your company may be tempted to use China’s digital currency to make cross-border payments
The EU, UK, Japan, and India are developing digital currencies
Digital payment will change our relationship with money and promote financial inclusion
Cashless shows you the future. It offers a comprehensive analysis of China’s digital payment systems so that you can better prepare for the rise of digital currencies.
It is a must-read for all business leaders and professionals looking for a decided competitive advantage.