During the annual meeting of theWEF, Michael Miebach spoke on a panel about CBDC

The annual World Economic Forum (WEF) was held in Davos, Switzerland, with the participation of the Global Blockchain Business Council (GBBC). Michael Miebach, CEO of Mastercard, spoke on a panel about the potential role of CBDCs in the financial system and cross-border payments. He predicted that the interbank communications system, SWIFT, would be extinct within five years.