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SWIFT probably won’t exist in 5 years, says Mastercard CEO -Breaking


Mastercard CEO says WEF-2022: SWIFT will likely not exist within 5 years.

Michael Miebach, CEO of Mastercard (NYSE) said Tuesday that SWIFT is unlikely to be around in five years. It’s one of the most popular platforms for trans-border transactions.

Miebach was speaking during a Panel session about central bank digital currency (CBDCs), as part of the Global Blockchain Business Council (GBBC)’s Blockchain Central Davos conference, which ran adjacent to the World Economic Forum 2022 in Davos, Switzerland.