In this episode of The Bankers’ Bookshelf, Paolo Sironi hosts Richard Turrin, author of “Cashless,” as part of the Bankers’ Bookshelf series. They discuss the shift towards a cashless society driven by Central Bank Digital Currencies (CBDCs) and fintech innovations. Turrin explains how CBDCs could reduce reliance on credit cards, lower transaction fees, and streamline commercial payments, while also benefiting financial stability. They also explore the risks and opportunities for banks, and how countries like China are leading in this transformation. Turrin highlights the future of less cash, improved payment systems, and the societal impact of digital currencies.

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About the Author:

Rich Turrin is an international best-selling author and a leading expert on China’s digital yuan. He is a leading voice in the international central bank digital currency dialogue. His books “Cashless – China’s Digital Currency Revolution” and “Innovation Lab Excellence” highlight the good financial innovation can do and established him as a leading voice in Asia’s fast paced fintech community. He is rated number 4 globally on Onalytica’s prestigious Fintech Influencer list and an award-winning executive previously heading fintech teams at IBM following a twenty year career in investment banking. Living in Shanghai for the last decade, Rich experienced China going cashless first-hand and has a unique combination of banking and technology skills that allow him to bring the exciting story of China going “Cashless” to life in his book and keynotes. Rich is an independent consultant whose views on China’s astounding fintech developments are widely sought by international media and private clients.

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Connect here: https://www.linkedin.com/in/turrin/

Official Website: https://richturrin.com/videos-and-interviews/

-Learn more about the bestseller “Cashless” the first book about China’s new digital currency now with over 200 5 star reviews: https://www.amazon.com/dp/B0925JY69H

-Best seller “Innovation Lab Excellence” fixes “innovation theater.”: https://www.amazon.com/Innovation-Lab-Excellence-Digital-Transformation/dp/1949642070/ref=tmm_pap_swatch_0?_encoding=UTF8&qid=&sr=

-Subscribe to the Cashless newsletter!: https://richturrin.substack.com/

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Paolo Sironi: https://www.linkedin.com/in/thepsironi/

IBM FinTech Strategy and Author