Sprint just announced the world's first connected payment card at CES. Sprint's Ivo Rook joins Cheddar to tells us about the future of payments, and the company's recent advancements in the space. Rook is the first to hold the newly-created position and reveals his priorities for 2018 and beyond.
Sprint and Dynamics unveiled Wallet Card at the Las Vegas electronics expo. He explains what's possible, thanks to the new tech that connected payment option. The card can switch from a credit card to a debit card and back again in addition to storing personal information.
Finally, Rook breaks down his predictions for the future of IOT. He also showcases Sprint's advancements in the space and what it has that other competitors do not. He details how the company plans on leveraging its relationship with SoftBank to expand its IOT initiatives.
Stocks dipped Friday morning after the yield on the benchmark 10-year Treasury crossed 5% for the first time in 16 years and also following Fed Chair Jerome Powell's remarks on Thursday.
Federal Reserve Chair Jerome Powell said Thursday that inflation remains too high and that bringing it down to the Fed's target level will likely require a slower-growing economy and job market.
