Standard Chartered CEO: All Money Will Go On Blockchain

Standard Chartered CEO Bill Winters expects every transaction to one day run on blockchain, calling it a “complete rewiring” of global finance.

Standard Chartered CEO Believes Blockchain Will Host All Money Eventually

As reported by CNBC, Bill Winters talked about the future of finance and Hong Kong’s role in the global digital assets space at a Hong Kong FinTech Week panel on Monday. “Our belief, which I think is shared by the leadership of Hong Kong, is that pretty much all transactions will settle on blockchains eventually, and that all money will be digital,” said the Standard Chartered CEO.

The comment comes as there has been a push toward digital ledger tokenization around the world. Payments giant SWIFT, for example, is developing a blockchain-based ledger, as announced in Se