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Thinking adjustment. A recent poll consisting primarily of banking executives discovered that most feel that bitcoin and digital assets could replace fiat currencies like the U.S. dollar within the next 5 to 10 years. Hard to believe since most financial professionals were bitcoin skeptics only a few years ago. But hey, guess you can teach old banker types new tricks.

Just when it looked like the summer doldrums were upon us, Square saved the day, announcing a blockbuster deal in the buy now, pay later space. It is yet another sign that fintech continues to disrupt traditional payments. In addition, international M&A is afoot while the IPO pipeline continues to grow.

Financial technology continues to attract legacy finance players. Fintech IPO roadshows have gone digital, while big banks are also riding the digital wave. The IMF wants to know if CBDCs are the solution for the unbanked population, and Elon Musk is back on the good side of bitcoin investors.

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The deal pipeline is filling in the fintech space, chief of which includes Visa flexing its muscle in Europe’s open banking industry. Kids are gaining access to financial apps sooner than later, thanks to one UK-based challenger bank. In addition, a couple of German fintech startups are looking to gain a foothold in the US market while the IPO pipeline keeps growing. Andreessen Horowitz has made a key hire and is doubling down on crypto despite a murky regulatory environment.

Bitcoin has become a real threat to global central banks' monetary control. After years of warily watching and trying a variety of threats and initiatives to discredit Bitcoin, the gloves are coming off. Panic at the highest level.

Digital Wealth News™, a multi-tiered media platform covering the maturing fintech revolution, is pleased to announce that it will be airing a live broadcast of this year’s Global DeFi Summit, being held on June 24, 2021, beginning at 11am ET.

Fintechs are increasingly coming into their own, with investment banks hunting ways to rub shoulders with the digital crowd. In the past week, JPMorgan made a splash with a fintech investment while the IPO pipeline is filling in the U.S., as well as globally. PayPal is upping the ante for merchants as it boasts its prowess in the competitive payments landscape, while central bank digital currencies are all the rage.

Global central bankers, already extremely anxious about losing monetary control to the likes of Bitcoin, are going to have some very sleepless nights ahead. Nightmare type sleepless nights. Last week El Salvador's President, Nayib Bukele, signed into law legislation declaring Bitcoin to be legal tender in the country.

What's New? FUD (fear, uncertainty, doubt).............Stabilization over the Memorial Day long weekend.....End of Month (May) came and now it's June....BITCOIN had one of its worst months ever dropping +/- 35%..........ETH held pretty well, only off less than 10% for all of May