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Richard Turrin

Richard Turrin

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Consultant and best-selling author of 'Cashless' focusing on China's digital currency [cite: 15].

Recent Posts

Ant Group’s AI Health Chatbot Leads China’s AI Race
Social•Feb 6, 2026

Ant Group’s AI Health Chatbot Leads China’s AI Race

Who exactly is winning the AI race? AI health care is taking off in China, led by Jack Ma’s Ant Group Ant’s health chatbot has become a top downloaded app in China as users seek personalized care they can’t get from the overburdened hospitals. -Ant Group’s AI chatbot, Ant Afu, gained 30 million users seeking personalized health care. -The app integrates medical appointments, test analysis, and insurance payments within Alipay’s ecosystem. -Ant leverages hospital partnerships, aggressive advertising, and recent acquisitions to outperform domestic and international rivals. #China #techwar #chips #tech #antgroup @baoshaoshan @thecyrusjanssen @DOualaalou @lajohnstondr @PSTAsiatech https://t.co/5uGTCZFIUT

By Richard Turrin
Agentic AI ROI Goes Beyond Revenue—Spot Real Wins
Social•Feb 2, 2026

Agentic AI ROI Goes Beyond Revenue—Spot Real Wins

Why Agentic AI ROI Isn’t Just Revenue – Look Wider or Miss Real Wins Topics: ↳ Why Agentic AI ROI Isn’t Just Revenue – IBM’s Call to Look Wider or Miss Real Wins ↳ AI Tokens: Enterprise Spend Surges 20% – On-Prem Open...

By Richard Turrin
AI Agents Trade Capability for Controllability and Reliability
Social•Jan 27, 2026

AI Agents Trade Capability for Controllability and Reliability

AI Agents aren't as smart as you think.... Among production agents in the survey, 68% execute at most 10 steps before requiring human intervention, with 47% executing fewer than five steps. But there’s more. After constraining agents, 74% of models rely primarily...

By Richard Turrin
Enterprise AI Stalls Due to Lack of Domain Experts
Social•Jan 27, 2026

Enterprise AI Stalls Due to Lack of Domain Experts

So is AI failing, or is it the management? Only 17% of Fortune 500 senior leaders have meaningful technical skills — just 5% ever held a technical role. That’s why the single biggest bottleneck holding back enterprise AI isn’t the tech. It’s...

By Richard Turrin
Stablecoins Overstate Benefits, Face Liquidity Spread Challenges
Social•Jan 23, 2026

Stablecoins Overstate Benefits, Face Liquidity Spread Challenges

In what it calls “inconvenient truths” Pitchbook lays out five very real problems with stablecoins. The first of the two most critical is that stablecoins consistently overstate their advantages, particularly in nations with fast and free payments, including the US (FedNow),...

By Richard Turrin
UNDP: Chinese Open‑Source AI Crucial to Prevent APAC Divide
Social•Jan 22, 2026

UNDP: Chinese Open‑Source AI Crucial to Prevent APAC Divide

A sobering UNDP report warns that unmanaged AI risks widening inequality between nations — and that China's open-source models are the only way for many nations not to be left behind The UNDP’s “The Next Great Divergence: Why AI May...

By Richard Turrin
Fintech Faces Headwind as Nationalism Fuels Foreign Distrust
Social•Jan 22, 2026

Fintech Faces Headwind as Nationalism Fuels Foreign Distrust

Foreign neobanks and US stablecoins just got a reality check as growing insularity & nationalism threaten fintech's global ambitions The latest Edelman Trust Barometer (37,500 respondents across 28 countries) reveals a stark reality for fintech: 70% of people now distrust...

By Richard Turrin
2026 Shifts: AI Governance, Global Digital Infrastructure, Tightening Sanctions
Social•Jan 19, 2026

2026 Shifts: AI Governance, Global Digital Infrastructure, Tightening Sanctions

Top 2026 Trends Finale: Why 2026 will not look like 2025 Topics: -Top 2026 Trends, No. 4: Strong AI Governance Will Become The Norm — But Only After a Meltdown Forces Companies to Act -Top 2026 Trends, No. 5: Digital Public Infrastructure...

By Richard Turrin
Asia’s Payment Boom Fuels Surge in New Fraud
Social•Jan 15, 2026

Asia’s Payment Boom Fuels Surge in New Fraud

Visa just exposed 5 new fraud patterns exploding in 2026 — and they're hitting hard in Asia. • Account takeover up 300% via social engineering • AI-generated deepfakes fooling KYC • Mule networks using instant payments (PIX/UPI) • Synthetic identities surging in Asia • Card-not-present...

By Richard Turrin
Stablecoins Rise, Yet Perfect Money Remains Uncertain
Social•Jan 13, 2026

Stablecoins Rise, Yet Perfect Money Remains Uncertain

1/3 🧵 🔥Five Questions About Money to Ponder in 2026 🔥 Great insights from @andymukherjee70 on the key issues surrounding money in 2026 that are nicely mirrored by Prof Barry Eichengreen in his article below. Takeaways: -Stablecoins had...

By Richard Turrin
Gold Overtakes Treasuries as De‑Dollarization Accelerates
Social•Jan 13, 2026

Gold Overtakes Treasuries as De‑Dollarization Accelerates

1/6 🧵#DEDOLLARIZATION DAILY: Is it even possible for Trump to do more to shake faith in the dollar? . As the world recoils from the actions in Venezuela, it now contends with political attacks against Fed Chair Powell....

By Richard Turrin
Tether Freezes $182M USDT, Jeopardizing Venezuela's Crypto Lifeline
Social•Jan 13, 2026

Tether Freezes $182M USDT, Jeopardizing Venezuela's Crypto Lifeline

Tether Freezes $182M USDT in Largest-Ever Crackdown — Is Venezuela’s Crypto Lifeline Under Siege? That Venezuela had a crypto lifeline is the problem. Two questions spring from this revelation: 1) Remember the narrative "stablecoins are clean?" Really? 2) Do...

By Richard Turrin
Execs Overestimate AI Excitement, Trust Gap Threatens Success
Social•Jan 9, 2026

Execs Overestimate AI Excitement, Trust Gap Threatens Success

AI execs think staff excited—76% say yes Employees? Only 31% agree—2x overestimation • Employees aren’t excited — they’re anxious • 80% execs claim well-informed—workers at 30% • 75% say employee-centric—staff at 23% • Gap risks AI failure—trust decides winners The chart below shows the perception...

By Richard Turrin
Stablecoins and AI Redefine Fintech Landscape for 2026
Social•Jan 7, 2026

Stablecoins and AI Redefine Fintech Landscape for 2026

The Top 10 Most Popular Insights of 2025 Carry these ten insights with you into 2026, as they will shape the coming year. This week, we’re looking back at 2025 to share your top insights from the past year. This was a big...

By Richard Turrin
Hainan FTZ: China’s Tech Hub Streamlining Trade
Social•Jan 7, 2026

Hainan FTZ: China’s Tech Hub Streamlining Trade

Hainan Free Trade Port should be on your radar. It's not just a free trade port but a place where all of China's tech comes together to make China trade easier than ever. Watch as digital customs, payment, and...

By Richard Turrin
Demand Real-Time Payments, Never Settle for Less
Social•Jan 7, 2026

Demand Real-Time Payments, Never Settle for Less

@moneymasternw I couldn't agree more regarding real-time payments: " Why should anyone settle for less? "

By Richard Turrin
AI Fuels US Productivity Surge While EU Falls Behind
Social•Jan 6, 2026

AI Fuels US Productivity Surge While EU Falls Behind

US to extend productivity lead on back of AI boom, say economists EU continues to lag: Pro: US productivity was set to “pull away from other developed market economies” thanks to the country’s dynamic capital markets, flexible labour force and lead in...

By Richard Turrin
Stablecoins Shift Profits to Private, Risks to Public
Social•Jan 6, 2026

Stablecoins Shift Profits to Private, Risks to Public

Stablecoins: Privatizing Gains, Socializing Losses..... Don't believe me? Read this stunning passage: "People familiar with Bank of England thinking have told OMFIF that a systemic stablecoin that ran into liquidity or redemption turbulence would be able to draw on central...

By Richard Turrin
Asia Leads 2026 Digital Finance Revolution
Social•Jan 6, 2026

Asia Leads 2026 Digital Finance Revolution

Great perspective from an Asia-centric PoV. 2026 digital finance: From pilots to production • Asia leads CBDC/stablecoin real-world use • Tokenized deposits + assets boom • AI agents automate banking ops • Regulatory green lights accelerate shift #fintech #tech #finserv #AI @BetaMoroney @efipm @BrettKing @spirosmargaris @jasuja @enricomolinari @mikeflache https://t.co/sCNXBRoTuk

By Richard Turrin
Bitcoin ATMs Cost Americans $333M in 2025 Fraud
Social•Jan 6, 2026

Bitcoin ATMs Cost Americans $333M in 2025 Fraud

Americans lost $333 million to Bitcoin ATM fraud in 2025 — FBI says there is a ‘clear and constant rise’ of this scam, and that it is ‘not slowing down.’ So this is the future of money? The authorities are acting...

By Richard Turrin
ECB's Digital Euro Vote 2026 Threatens US Card Dependence
Social•Jan 5, 2026

ECB's Digital Euro Vote 2026 Threatens US Card Dependence

‘Down to the wire’: ECB’s digital euro project faces decisive vote in 2026 The EU Parliament may be divided, but in the end, the dependence on US Visa and MasterCard, with ever more erratic behavior in Washington, will win the day. EU...

By Richard Turrin
Traffic Stop Shows No Digital Yuan Use, Just Mobile Payments
Social•Jan 5, 2026

Traffic Stop Shows No Digital Yuan Use, Just Mobile Payments

Sorry but the headline is BS. This obviously shows that the rider was pulled over, questioned, and put before a traffic court. There is no sign of the digital yuan CBDC being used here. How is this different...

By Richard Turrin
QR Payments Power SE Asia AI Fintech Boom
Social•Jan 5, 2026

QR Payments Power SE Asia AI Fintech Boom

Beyond payments: SE Asia's QR fuels AI fintech surge • Wealth +24%, insurance +16% YoY • 700 AI startups—3X consumer enthusiasm • Cross-border QR remittances rocket • $300B digital GMV—15% growth unstoppable The real bombshell is in the chart below → Don’t miss the chart...

By Richard Turrin
QR Adoption Fuels Asia's Mobile Money Explosion
Social•Jan 5, 2026

QR Adoption Fuels Asia's Mobile Money Explosion

Asia's mobile money explodes: 862M users, 41% global share (UPI/WeChat excluded) • QR accepted at 76% merchants—double global average • Drives 80% digital tx in East Asia, ~$500B volume • P2P 70% of flows; remittances +50% YoY • 1 in 3 new global accounts...

By Richard Turrin

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