Is the world moving beyond SWIFT?

Can CIPS, SPFS, and mBridge realistically replace SWIFT as the backbone of global financial messaging and settlement?
Each alternative serves a distinct purpose: RMB internationalisation, sanctions resilience, or CBDC-based settlement, but none replicates SWIFT's scale, and most still depend on it.
The payment infrastructure is evolving toward multipolarity, not replacement — parallel systems are emerging, but SWIFT remains the global standard for now.