Blockchain Bytes #6: SWIFT and Blockchain, transforming Finance for 2025

Hi there,

This is our first newsletter for 2025! It's been an interesting start to the year, as our first story showcases. But what continues to concern us is an ongoing trend of fewer and fewer students sign up to elect an accounting major. The 150-hour rule is one of the primary barriers to that.

Read on to learn more.

Still Questioning If Blockchain Accounting Matters?

SWIFT’s recent announcement regarding its 2025 digital asset transaction trials highlights the convergence of traditional fiat currencies and digital assets. This move is in line with what MM Blockchain Academy (https://marketing.mmba.io/e3t/Ctc/I8+113/d2z1K704/VVpW3P2JJZr0W2B6lRN7RLC-CW5l3Nw35Bv0jNKqPv2-6YCW50kgx26lZ3nlW7MZWWh766d-5W2tjg861c5SDHW4XDcvl1fSkB1N5T9Gl1Tcgj4W80nVhH5VQ0z7VxYnv75-F3kSW1PgdC85lh4VWW312smz5sHGm0W37mB-L5G44nXW6_dt7g2rNMcXW6y7_7c4KKGmfW5LqmCT34L3xGW6RYDZl6rcnvtN2t82cBTY6MyW27pLlm1XxlKWW4rwJ8X4xC4pYf8nNQx-04) has long advocated—when digital assets are fully integrated into the financial system, the way accountants track, verify, and report transactions will undergo a fundamental shift. SWIFT is leveraging its established network to bridge these two worlds, ensuring seamless transactions between digital and traditional forms of value, marking a major step toward this new financial reality.

MM Blockchain Academy (MMBA) (https://marketing.mmba.io/e3t/Ctc/I8+113/d2z1K704/VVpW3P2JJZr0W2B6lRN7RLC-CW5l3Nw35Bv0jNKqPv2-6YCW50kgx26lZ3nlW7MZWWh766d-5W2tjg861c5SDHW4XDcvl1fSkB1N5T9Gl1Tcgj4W80nVhH5VQ0z7VxYnv75-F3kSW1PgdC85lh4VWW312smz5sHGm0W37mB-L5G44nXW6_dt7g2rNMcXW6y7_7c4KKGmfW5LqmCT34L3xGW6RYDZl6rcnvtN2t82cBTY6MyW27pLlm1XxlKWW4rwJ8X4xC4pYf8nNQx-04) has been emphasizing the need for accountants to adapt to this changing landscape. A useful analogy is how mechanics trained to work on combustion engines will struggle to repair electric cars, as they operate on entirely different principles. Remember, an electric car doesn’t even have an engine… Similarly, accountants who lack an understanding of blockchain technology will face challenges in navigating and verifying digital asset transactions. As SWIFT moves forward with its trials, it’s more evident than ever that the future of finance will demand new skills and perspectives in accounting, and MMBA (https://marketing.mmba.io/e3t/Ctc/I8+113/d2z1K704/VVpW3P2JJZr0W2B6lRN7RLC-CW5l3Nw35Bv0jNKqPv2-6YCW50kgx26lZ3nlW7MZWWh766d-5W2tjg861c5SDHW4XDcvl1fSkB1N5T9Gl1Tcgj4W80nVhH5VQ0z7VxYnv75-F3kSW1PgdC85lh4VWW312smz5sHGm0W37mB-L5G44nXW6_dt7g2rNMcXW6y7_7c4KKGmfW5LqmCT34L3xGW6RYDZl6rcnvtN2t82cBTY6MyW27pLlm1XxlKWW4rwJ8X4xC4pYf8nNQx-04) is committed to preparing professionals and students for this transformation.

Read the article here for more details

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Solving the Decline in Accounting Students - Through Blockchain Education

The accounting profession is experiencing a decline in new students pursuing degrees, which is a major concern for firms and finance departments. According to the CPA Journal and the International Federation of Accountants (IFAC), several factors are driving students away from accounting:

• Higher pay in technology and finance fields.
• Work-life balance issues and long working hours within the profession.
• Educational barriers, such as the 150-hour requirement for CPA licensure (https://marketing.mmba.io/e3t/Ctc/I8+113/d2z1K704/VVpW3P2JJZr0W2B6lRN7RLC-CW5l3Nw35Bv0jNKqPv4YHrPW50kH_H6lZ3lLN1Zv1Bqq7KCLW5QFMB97k5ppwW1gJ7tq9c0cmBN3kVrjd1dK6NW2r-2BY7p256dW7J9P9330GmhxW5-CXD863c1S8W7p81WQ6vjcgKW4m92Fc9cqSrlW6nrhZ23y6XbHW2mW8-S3mythCW26H0SY5GX_NBW4N3_Sz4Yhv4wW2T-xzX9jNbYPW1Tz4FF2gm2-5W2MkBYn5c1K5_W6GfJVd68zR02W7vCpB_6gGGqrW762BsW1hP1_GW2QHw3h5_TwTVV7cgX31ty7fhW4rwhqW5ZGtVtW4czyq57fxpLqW7tnnLQ5dWLFQW9fhFSf69QYbZN7GhLc6x952fW1lq83l74fYXkW6kD0xz2prbpFVlpjr198hl74W7PXxcz23HFZlW4nLZ_J6RG6K7W6_b81G81rvSFf5sk7t604) , create additional financial burdens with limited added value.

Many students now choose degrees in technology or business instead of traditional accounting paths. However, blockchain and digital asset education can reinvigorate the profession and attract students by offering modern, exciting career opportunities.

The MMBA Solution

MMBA CAN HELP! MM Blockchain Academy (MMBA) provides certifications (https://marketing.mmba.io/e3t/Ctc/I8+113/d2z1K704/VVpW3P2JJZr0W2B6lRN7RLC-CW5l3Nw35Bv0jNKqPP2-6YCW5BW0B06lZ3l4W2YHPj41LjzCjW6P7zwk56L4ZvW55-d_j7z2b9cW3xCMyK6LpVlKW4s5fFN7JPQ4kVpQ59k4XY01pVL0xFs9jHGDCW4LDFVy2TPTsWW27b5pW1dFS79W9d7G0J7dYxJqW25DFfm69-671W5rcpZh27ZRylN14DkzdxNWnfW5PdNZK3Jf8G1N6nXG4LCV0ZYW5FZrc33jBP1SW6ZpBMY7gJGpPW4z9S4p6LGrFHf28v_H404) focused on crypto accounting, blockchain, and decentralized finance (DeFi). These programs are designed to bridge the gap between technology and accounting, making it easier for students to see a relevant and rewarding future in the profession. As accounting increasingly incorporates blockchain technology, firms that educate their employees on crypto will have a competitive edge. Introducing blockchain education into accounting curricula—along with CPE for professionals—could help rebrand the profession as tech-savvy and future-proof, attracting a new generation of students.

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