Mastercard CEO Teases CBDC Panel: SWIFT May Not Exist in 5 Years
Michael Miebach joined a panel on central bank digital currencies during the World Economic Forum’s annual meeting. DAVOS, Switzerland — Mastercard (MA) CEO Michael Miebach made people gasp. He answered “no” when asked if SWIFT, the current interbank messaging system that allows for cross-border payments, will exist in five years’ time. He smiled during his …
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