Rocketfuel Blockchain Inc Stock Price, News & Analysis

RocketFuel Blockchain Inc. (OTCQB: RKFL) announced the launch of its $Rpay loyalty token, developed in partnership with ACI Worldwide. The token will be available for private sale at $0.015 and pre-sale at $0.025. This token aims to enhance the loyalty program initiated in October 2022, allowing shoppers to earn and redeem $Rpay tokens across participating merchants.

With a potential reach of 5 million members, the program emphasizes blockchain and NFT technologies to benefit both merchants and customers, while allocating 10% of loyalty revenue to token purchases.

RocketFuel Blockchain (OTCQB: RKFL) reported a remarkable 515% revenue growth for Q2 FY2023, reaching $41,815, driven by an 840% increase in transactions compared to the previous quarter. This surge in revenue exceeded the combined revenue of the prior four quarters. The company successfully partnered with major firms, increasing its merchant base, including clients with substantial revenues. The CEO expressed optimism about ongoing transaction growth and the potential for future revenue streams. A conference call is scheduled for November 17, 2022.

RocketFuel Blockchain (OTCQB: RKFL) announced a remarkable 840% growth in e-commerce transactions for Q2 over Q1, contributing to a significant revenue increase. CEO Peter Jensen highlighted the success of their sales strategy through Payment Service Providers, leading to more merchants accepting crypto payments. Furthermore, the company generated over $1 million in transaction volume from its new B2B cross-border remittance product, which is expected to boost revenue further upon its full release. An investor update is scheduled for November 3, 2022.

RocketFuel Blockchain (RKFL) reported a remarkable 840% increase in e-commerce transactions for Q2 compared to Q1, leading to significant revenue growth. CEO Peter Jensen highlighted the success of their indirect sales strategy through Payment Service Providers and the growing acceptance of crypto payments. Additionally, a new B2B cross-border remittance product generated over $1 million in transaction volume during final testing, with its official release expected later this year. An investor update is set for November 3, 2022.

RocketFuel Blockchain (OTCQB: RKFL) has launched a pioneering loyalty program in collaboration with ACI Worldwide. Planned for full release by the end of 2022, this program allows merchants to earn RocketFuel loyalty tokens on purchases while enhancing customer engagement. The initiative aims to integrate blockchain technology, enabling merchants to promote their offerings and shoppers to redeem tokens across a marketplace. CEO Peter Jensen emphasized the program's potential to create new revenue streams for merchants and their payment partners, marking a significant milestone in the industry.

RocketFuel Blockchain (OTCQB: RKFL) will showcase its Pay With Crypto solution at the Money20/20 event in Las Vegas from October 23-26, 2022. The company, which specializes in payment solutions using ACH bank transfers and various cryptocurrencies, aims to highlight its unique features like one-day settlement and the ability to accept over 100 cryptocurrencies. CEO Peter Jensen emphasized the importance of this event for connecting with leading fintech participants as the demand for their solutions expands.

RocketFuel Blockchain Inc. (OTCQB: RKFL) has partnered with PaymentCloud to enhance cryptocurrency payment processing for merchants. As of September 2022, 15 out of 20 signed merchants are already live using RocketFuel's invoicing feature. This collaboration aims to provide a secure, fast, and efficient payment solution for various business types. CEOs Peter Jensen and Shawn Silver highlight the importance of blockchain technology in modern e-commerce transactions.

RocketFuel Blockchain has partnered with Genius X to develop a token offering for its upcoming loyalty program. This token will allow customers to earn rewards for purchases and redeem them for services like airline upgrades and hotel bookings. The token offering details will be announced soon. CEO Peter Jensen emphasized that this initiative aims to boost transactions and expand RocketFuel's market presence, enhancing the crypto payment ecosystem.

RocketFuel Blockchain (OTCQB: RKFL) announced its new B2B cross-border settlements solution utilizing stablecoins like USDT and USDC. The automated system enables quick, compliant transactions between businesses, enhancing financial institutions' crypto integration. In June 2022, RocketFuel reported a significant growth in cross-border transaction volumes. With a newly acquired crypto-exchange license in Europe, the company can now offer regulated stablecoin settlements. RocketFuel aims to streamline the payment process for eCommerce through its diverse digital payment platform.