Rocketfuel Blockchain Inc Stock Price, News & Analysis

RocketFuel Blockchain has received a Virtual Asset Service Provider (VASP) license from the Danish Financial Supervisory Authority for its European subsidiary, allowing it to operate as a cryptocurrency exchange. This license will enable RocketFuel to provide B2B services such as receiving and converting cryptocurrencies and fiat currencies. CEO Peter Jensen emphasized that this achievement significantly enhances RocketFuel's service offerings, allowing them to provide comprehensive payment solutions to eCommerce merchants, thus expanding their global reach in B2B crypto payments.

RocketFuel Blockchain, Inc. (OTC QB: RKFL) has settled a lawsuit with former director Joseph Page, who returned 3,600,394 shares of common stock, leading to over an 11% reduction in outstanding shares. The shares have been cancelled, and RocketFuel did not make any payment for their return. Following the settlement, all counterclaims against RocketFuel and its management were dismissed. CEO Peter Jensen emphasized the positive impact of this settlement, suggesting it enhances the equity value for shareholders.

RocketFuel Blockchain (OTC QB: RKFL) has integrated its cryptocurrency payment solution with ACI Worldwide's Secure eCommerce platform, now live for 80,000 merchants. This partnership allows merchants to accept over 120 cryptocurrencies, streamlining online transactions. CEO Peter Jensen emphasized the growing importance of crypto payments, which minimize chargebacks and eliminate geographical barriers. ACI's Global Head of Product noted the increasing customer demand for crypto payments as a key trend for 2022, signaling a shift towards wider adoption of cryptocurrency in commerce.

RocketFuel Blockchain (OTC QB: RKFL) announced its participation in NRF 2022, the largest retail conference in New York from January 16-18, 2022. CEO Peter Jensen will present live product demos alongside partner ACI Worldwide at booth #1313. RocketFuel offers a one-click crypto payment solution that supports over 120 cryptocurrencies, enabling daily settlements in fiat or crypto. This service aims to enhance customer privacy and provides a low-fee, secure alternative for online transactions while eliminating chargebacks and card declines.

RocketFuel Blockchain, Inc. (OTC QB: RKFL) has successfully closed a $5 million equity raise from institutional investors, facilitated by H.C. Wainwright & Co. The funding aims to accelerate growth through expanded sales, marketing, and software development. A strategic partnership with ACI Worldwide will allow over 80,000 merchants to accept cryptocurrency payments with zero processing fees. Additionally, RocketFuel has repaid its outstanding convertible note, eliminating debt and potential equity dilution. The company plans to expand its team and aims to uplist to Nasdaq or NYSE American in 2022.

RocketFuel Blockchain (RKFL) has announced a registered direct offering for the issuance of 6,666,667 shares of common stock and warrants, at a purchase price of $0.75 each, totaling gross proceeds of about $5 million. The offering is expected to close around November 4, 2021. The company plans to use the proceeds for general corporate purposes and business expansion. H.C. Wainwright & Co. serves as the exclusive placement agent. The securities are being offered under an effective registration statement with the SEC.

RocketFuel Blockchain (RKFL) has partnered with ACI Worldwide to allow over 80,000 merchants to accept more than 50 cryptocurrencies, including Bitcoin, with zero processing fees. This integration marks an industry first and aligns with RocketFuel's new business model, where partners earn commissions on all merchant transactions. The revamped partner dashboard enhances transparency for partners to manage their merchants. CEO Peter Jensen highlights the advantages of crypto payments, like lower fees and no chargebacks, aiming to provide a significant choice in payment methods for merchants and customers alike.

RocketFuel Blockchain (RKFL) announced its industry-first 'Zero Fees For Life' promotion for merchants during the Money20/20 conference. This initiative eliminates processing fees, chargebacks, and crypto volatility for merchants, aiming to disrupt traditional payment structures that burden businesses with high fees. CEO Peter Jensen emphasized the need for a transformation in the global payments ecosystem, supporting merchants against payment fraud. For further details, visit RocketFuel's website.

ACI Worldwide (NASDAQ: ACIW) has partnered with RocketFuel Blockchain (OTC: RKFL) to offer merchants the ability to accept over 50 cryptocurrencies, including Bitcoin, as payment methods. This integration into ACI's Secure eCommerce platform allows for a single integration that eliminates processing fees for merchants, a first in the industry. RocketFuel's solution supports bank transfers and QR code payments, enhancing the customer experience. This partnership aims to drive consumer adoption of cryptocurrency in eCommerce, providing merchants with smarter payment options without volatility concerns.