The bitcoin surge is showing no signs of slowing down. The price of the cryptocurrency rising $1,000 in less than 24 hours. Joe Lubin, Co-Founder of cryptocurrency Ethereum, joined Cheddar to discuss the future of blockchain and digital money.
Lubin says the future of fintech is blockchain. He believes the general population is pretty naive about blockchain, and notes that it takes years for these kind of technologies to ramp up their adoption curves. Despite the high learning curve, Lubin thinks people are catching on quickly.
Many people are viewing bitcoin as gold 2.0. He says functioning as a store of value shouldn't be where application of the technology ends. He says bitcoin is like a money system, whereas ethereum is a decentralized worldwide web.
Ride share competitors Uber and Lyft both posted their fourth quarter earnings days apart from each other. Both companies have been trying to get back on their feet after taking some pandemic-related hits, but the Omicron variant had other ideas as the year came to a close, with each company taking a hit in ridership in December. Lance Ippolito, head trader at The Future of Wealth explains how Uber and Lyft measured up this earnings period and why Uber may still have an edge over the competition.
Parallel Systems has been selected to receive $4.5 million from the Department of Energy for an advanced testing program of its autonomous, battery-electric rail vehicles. The startup, which has raised more than $53 million to date, was founded by former SpaceX engineers to reimagine the rail system by creating a more efficient, decarbonized freight network. Matt Soule, Co-founder & CEO of Parallel Systems, joined Cheddar's Opening Bell to discuss what the company hopes to achieve.
