Summary of Martin Chorzempa's The Cashless Revolution

Download or read book Summary of Martin Chorzempa's The Cashless Revolution written by Everest Media, and published by Everest Media LLC. This book was released on 2022-10-22T22:59:00Z with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Please note: This is a companion version & not the original book. Sample Book Insights: #1 In the early 1990s, when I was working in Beijing, I saw how the internet was the future of finance. A billion Chinese people now have an abundant choice of investments, loans, payments, and a host of conveniences, some of which surpass what is available in the United States. #2 Chinese tech companies Tencent and Alibaba were able to overcome the payment issue by building their own systems, which they then integrated into their platforms to offer a full range of services. #3 China’s fintech industry was a product of political support, which allowed tech companies to break through the moat surrounding state-owned banks and disrupt them. #4 Chinese tech companies Tencent and Alibaba were able to overcome the payment issue by building their own systems, which they then integrated into their platforms to offer a full range of services.