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WEF 2022: SWIFT probably won’t exist in 5 years, says Mastercard CEO

Michael Miebach, CEO of Mastercard, told an audience of blockchain executives that he expects SWIFT to phase out of existence in as little as five years' time.

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

WEF 2022: SWIFT probably won’t exist in 5 years, says Mastercard CEO

Michael Miebach, CEO of Mastercard, told an audience of blockchain executives that he expects SWIFT to phase out of existence in as little as five years' time.

Why this matters

This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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