Will MNBCs dominate the world? – The World Economic Forum (WEF) in Davos, which was meeting this week, turned out to be a veritable festival of plebiscites in favor of central bank digital currencies (MNBC). After the Governor of the Banque de France and Director of the IMFhe is now the boss of MasterCard which announces the advent of these “cryptos” very centralized.
The SWIFT system will be dead “within 5 years”
the Davos-Forum in Switzerland thus brings together all the major fundraisers of the planet to discuss (decide?) the economic future of the world. This year, Bitcoin (BTC) and cryptocurrencies were among the topics of discussion. However, the central bank digital currencies seem to be much more popular with participants.
Michael Miebachthe CEO of Mastercad, spoke during a discussion on the future of cross-border payments and the potential of MNBCs. As CoinDesk reports in particular, the leader of the bank card payment giant seems pessimistic for the interbank system SWIFTaging.
Indeed, to the question “do you think that the system SWIFT will still exist in 5 years? “, Michael Miebach answered clearly and simply ” Nope “much to the surprise of the audience!
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An evolution of SWIFT rather than a disappearance, thanks to MNBC?
The CEO of Mastercard seems to think that central bank digital currencies will profoundly change interbank systems.
Thus, the soon to be obsolete SWIFT system will have to to evolve and take into account the MNBC, to hope to survive in a form different from the current one. In an inter-MNBC system perhaps?
“If you can get payment with all the data attached that you need as a business, (…) we can expect cost savings and the overall increase in productivity. (…) This is the real objective [des MNBC]. »
Michael Miebach, CEO of Mastercard
It must be said that, like its competitor VisaMastercard has already strongly close of the crypto-asset sector. Even recently, the multinational has associated with Nexo’s crypto-lending service to provide a Bank card based on cryptocurrency loans.
MNBCs will arrive sooner or later in our daily lives. In the meantime, use your Mastercard to invest in cryptocurrencies, the real ones! To do this, register on FTX, the benchmark crypto exchange. A lifetime reduction on your trading fees awaits you thanks to the JDC affiliate link.