Standard Chartered CEO predicts the end of cash: ‘All money will be digital’
Standard Chartered CEO Bill Winters predicted that all money will eventually be digital and all transactions will settle on blockchains.Summary
At Hong Kong FinTech Week 2025, Standard Chartered Group Chief Executive Bill Winters stated his belief, shared with Hong Kong leadership, that all transactions will eventually settle on blockchains and all money will become digital, describing this as a "complete rewiring of the financial system." He emphasized the need for experimentation due to the uncertain path of this rewiring, praising Hong Kong regulators for balancing innovation and compliance. Separately, HSBC Group Chief Executive Georges Elhedery expressed strong confidence in Hong Kong's financial ecosystem, citing a $13.6 billion investment proposal to privatize Hang Seng Bank and investments in education with the Hong Kong University of Science and Technology. Hong Kong Financial Secretary Paul Chan Mo-po also highlighted the region's strong foundation, excellent services, and the crucial backing of mainland China as reasons for confidence in surpassing other wealth management hubs.
(Source：Cointelegraph)