ROCKETFUEL BLOCKCHAIN INC - RKFL STOCK NEWS

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.

ACI Worldwide (NASDAQ: ACIW) has extended its partnership with Vendo Services, enabling the latter to offer over 127 cryptocurrencies, including Bitcoin, to its global merchants. This collaboration responds to increasing demand for cryptocurrency payment options. Vendo Services, leveraging ACI Secure eCommerce, will facilitate cryptocurrency processing with no processing fees, enhancing competitive advantages for merchants. With sophisticated fraud management capabilities and a unified platform for payment orchestration, the partnership aims to boost conversion rates and streamline payment experiences for end-users.

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.