Cashless : China's digital currency revolution

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 road map 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 system 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. Praise for Cashless Title Page Copyright Dedication Table of Contents Acknowledgments Foreword Preface Introduction Terms and Symbols for China’s Currency Abbreviations Part 1 Version 1.0 Digital Payment Systems 1 “Wuhan will starve” 2 Preconceptions of China 3 China’s Fintech Is Coming Already Here 4 Alipay and WeChat Pay - Digital Payment 1.0 5 QR Codes: Tech that Changed a Nation 6 How Regulators Disrupted Banking 7 P2P Lending: Part 1 The Set-Up 8 P2P Lending: Part 2 The Knockdown Part 2 Version 2.0 Digital Payment Central Bank Digital Currencies (CBDCs) 9 What Is a Central Bank Digital Currency? 10 Structuring a CBDC 11 China’s DC/EP 12 CBDC in Domestic Use 13 CBDC in International Use: Attracting Users with “The Virtuous Cycle” 14 CBDC in International Use: Death of the Dollar? Part 3 Changing Relations 15 Digital Currency’s Aftermath: Platforms and Dumb Pipes 16 Banking As an Afterthought 17 Credit and Inclusion 18 Ant: From Fire to Phoenix 19 The Case Against CBDCs: The Illusion of Privacy 20 Our Shared CBDC Future Postlogue: CBDC major milestones Bibliography