F2F Class Notes (Tibo)

look into decentralized exchanges (DEX). The biggest ones are : Uniswap / Pancakeswap / sushiswap and think about what it could change for finance

I checked the subtitle to know what is going on about the video.
it is similar as bitcoin and it is  a virtual currency and you can dealing it at the bitcoin.

it will make more convenient and people will spend a lot but they don’t aware of they spend a lot of money because it is not like the physical one so it is easy for bankrupt.

If in china it is managed strictly by the government so a lot of limitations on the e-cny transaction so the government willl closely monitor the transactions and for companies it is easier for them to doing business it saves a lot of time and transaction cost.

it is like real time transaction and money will immediately sit in the bank account.

You don’t need to go to bank you save lot of time. It is quite straightforward to check the bank account balance and you can avoid risk like robbers.

to the government it may be quite hard because china government closely monitors money laundering  / they have strict anti money laundering rules.

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I checked the subtitles to know what is going on about the video.  / to understand the video better
it is similar to bitcoin and it is  a virtual currency / cryptocurrency  and you can trade it just as/like bitcoin.

it will make life more convenient and people will spend a lot but they won’t be aware of spending a lot of money because it is not like the physical one so it is easy to go bankrupt / easy to reach bankruptcy.

If it is/everything is based in China it is managed strictly by the government so there are a lot of limitations on the e-cny transaction so the government willl closely monitor the transactions and for companies it is easier to doing business,  it saves a lot of time and money in transaction cost.

it is like real-time transactions and money will immediately sit in the bank account.

You don’t need to go to the bank you save a lot of time.
It is quite straightforward to check the bank account balance and you can avoid theft risk / you reduce your risk of being robbed.

to the government it may be quite hard because china government closely monitors money laundering  / they have strict anti money laundering rules.

to swap (n)exchange
I swapped my USD for CNY

scam (n) 诈骗
He used someones WeChat account to do a money scam

scammer (n) someone who deceives people to try to get their money
Many scammers operate from Russia and Africa.

ethereum (eth) -> smart contract 

to program (v) write code
He programmed iOS

NFT : non fungible token
The video talks about NFTs

centralized exchange  (n) : An exchange managed by a company or entity
the Shanghai exchange is a centralized exchange.

decentralized exchange (n) : an exchanged not managed by anyone
Ethereum has several decentralized exchanges

e-CNY 数字货币
The e-CNY is the future of money

Pronunciation

acquaintance