Welcome to our dedicated page for Rocketfuel Blockchain news (Ticker: RKFL), a resource for investors and traders seeking the latest updates and insights on Rocketfuel Blockchain stock.
RocketFuel Blockchain Inc (RKFL), also referred to as RocketFuel, regularly issues news updates describing its activities as a global payments solution company and a global provider of payment solutions via ACH bank transfers, Bitcoin, stablecoins, other cryptocurrencies, and FIAT currencies. Its announcements cover developments across its integrated payment suite, including Commerce Pay-in, Mass Pay-out, cross-border B2B crypto payments, and related services.
News about RocketFuel often focuses on product launches and enhancements. The company has announced offerings such as mass payout capabilities in crypto, stablecoins, and fiat, an updated crypto invoicing solution that supports invoice payments in stablecoin, crypto, and fiat currencies, and blockchain-based gift card and NFT products. These releases describe how businesses can accept or send payments in multiple currencies, convert funds into stablecoins or FIAT, and settle to local bank accounts.
RocketFuel’s news flow also includes partnership announcements and trading status updates. The company has reported partnerships with Ripple, involving the adoption of Ripple Payments into its product suite, and with AvecPay, a platform serving merchants in the Latin American region. In addition, RocketFuel has provided information about its common stock trading on the over-the-counter markets and its expected downgrade from the OTCQB market to the OTC Expert Market.
Investors and observers can use the RKFL news feed to review RocketFuel’s own descriptions of its revenue growth, transaction volumes, customer adoption, and product expansion over time. Company releases have highlighted increases in daily transaction counts and revenue, as well as the role of new products and customers in that growth. For ongoing context, this page aggregates RocketFuel’s publicly released news and corporate updates related to its payments business.
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RocketFuel Blockchain (OTCQB: RKFL) announced strong growth in its financial results for Q3 FY2023, with revenue reaching $42,408, a 68.3% increase from the previous quarter. This growth was driven by a 1,421% increase in the number of transactions processed and a 257% increase in transaction volume. Looking forward, the company anticipates Q4 revenues of approximately $101,000, marking a 238% increase over Q3. New product launches, including B2B cross-border payments and a crypto payouts service, are expected to diversify revenue sources. The company will hold a conference call on April 4, 2023, to discuss these results.
RocketFuel, Inc. (OTCQB: RKFL) has launched its new Payouts product, allowing merchants to make payments in cryptocurrencies and FIAT currencies. This development enhances its e-commerce solutions and supports businesses in paying freelancers, vendors, and employees efficiently. CEO Peter Jensen indicated that the new service is expected to positively impact revenue, with initial customer contracts already signed. As demand for cryptocurrency payments increases—36% of surveyed employees prefer crypto for pay—RocketFuel aims to leverage this trend across various sectors, including gambling and the gig economy.
RocketFuel Blockchain (OTCQB: RKFL) announced plans to file its 10-Q Quarterly Report for the fiscal quarter ended December 31, 2023, by March 31, 2023. A shareholder call is scheduled for April 4, 2023, at 4:30 PM ET to discuss financial results. The company specializes in payment solutions that utilize bank transfers, Bitcoin, and over 160 other cryptocurrencies, aiming to enhance the shopping experience through low fees and improved security. Their platform offers merchants a secure checkout process with no chargebacks or card declines, catering to improved customer privacy.
RocketFuel Blockchain has confirmed no relationship with Silicon Valley Bank or Silvergate Bank, assuring investors of no exposure to these institutions amid recent turmoil.
CEO Peter Jensen emphasized that the company operates with established banks and does not hold cryptocurrencies, mitigating volatility risks. RocketFuel provides a payment solutions infrastructure accepting bank transfers and over 120 cryptocurrencies, ensuring low fees and no chargebacks for merchants, while enhancing customer privacy. The company aims to improve the e-commerce checkout experience, reducing payment friction.
RocketFuel Blockchain (OTCQB: RKFL) has announced a projected 1,300% increase in payment transactions for Q3 2022 compared to the previous quarter. The CEO, Peter Jensen, highlighted a significant rise in cryptocurrency payment adoption, with transaction growth reaching 13x that of the past quarter. This surge is attributed to more merchants using their payment solutions. RocketFuel's offerings facilitate secure online transactions through ACH bank transfers and over 120 cryptocurrencies, providing merchants with lower fees and enhanced privacy protections.