March 28, 2024

AndronETalksNews

AndronETalksNews

Mastercard CEO: SWIFT Payment System May Be Replaced By CBDCs In Five Years

Zero Hedge

By Tyler Durden – May 30, 2022

There has been a long list of revelations coming out of the recent World Economic Forum meeting in Davos, but one issue that might have gone under the media radar involves comments by Mastercard CEO Michael Miebach during a discussion on the future of cross-border payments between nations.

Miebach, participating in a panel on Central Bank Digital Currencies at the WEF and hosted by the Global Blockchain Business Council, was one of the few participants that was willing to suggest that the SWIFT system, long dominated by western interests, might be made obsolete along with the proliferation of digital currencies among central banks.

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