Initiative Eexecuted with ACI partner Worldwide
San Francisco, Calif., Nov. 23, 2022 (GLOBE NEWSWIRE) — RocketFuel Blockchain Inc. (OTCQB: RKFL) (“RocketFuel” or the “Company”), a global provider of payment solutions via ACH, Bitcoin and other bank transfers cryptocurrencies, announced the launch of its loyalty token ($Rpay), which was developed in collaboration with ACI Worldwide, one of its largest merchant processing partners.
The native token launch will be sold in a private sale at a discounted price of $0.015 per token and $0.025 in presale. For more details, visit token.rocketfuelblockchain.com.
RocketFuel’s $Rpay token is the backbone of the RocketFuel Loyalty Program announced in October 2022, and will be used as payment for Loyalty Program offers and elsewhere. The loyalty program is developed in conjunction with multiple payment processing partners who collectively process billions of payment transactions for millions of buyers each month, ensuring maximum distribution and utility of the $Rpay token among millions of members of the Loyalty program.
Both merchants and buyers will benefit from the world’s first crypto-payment loyalty program.
Shoppers will earn $Rpay tokens on all purchases, regardless of payment method, and can redeem tokens at participating merchants in RocketFuel’s marketplace. Tokens can easily be transferred, shared or sold.
Merchants can target and promote their products and services to all members of the RocketFuel Loyalty Program using modern blockchain and NFT technologies. The timing of the RocketFuel Loyalty Program is important as the industry moves towards more modern Web3 and Metaverse technologies.
“The $Rpay token was designed to increase in value. There will only be 1 billion tokens on the market and with its first partner alone, it is expected to generate 5 million members and 5,000 merchants. High usage is ensured by millions of buyers regularly earning and using the $Rpay token,” said Peter Jensen, CEO of RocketFuel. “Additionally, 10% of company loyalty program revenue will be allocated towards the purchase of $Rpay in addition to our staking program. Loyal members of the staking program will earn 5% APY and benefit from Deep Discounts Benefits will be worth more than cash, discouraging members from converting to traditional currencies and inducing buyers to buy more tokens to get more benefits.
RocketFuel is considering the use of $Rpay for future financial services such as locking up tokens as part of a credit or loan issuance program – implementing their use in full compliance with the financial and regulatory requirements of the jurisdictions in which RocketFuel operates.
The $Rpay token will initially be launched as a security token and as its usage increases, the company will obtain the necessary approvals for the token to be classified as a utility token. Only accredited private companies and investors outside of the United States can purchase the token.
For more information, including the white paper on tokens and the economy, visit token.rocketfuelblockchain.com.
THE SECURITIES OFFERED HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO US PERSONS (AS DEFINED IN RULE 902 AS ENACTED BY THE US SECURITIES AND EXCHANGE COMMISSION) UNLESS SUCH SECURITIES ARE REGISTERED UNDER THAT LAW, OR AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THAT LAW IS AVAILABLE.
About RocketFuel Blockchain, Inc.
RocketFuel is a global payment solutions company that provides online shoppers with a simple and easy-to-use one-click payment process that accepts payment by wire transfer, Bitcoin, and over 50 cryptocurrencies. RocketFuel offers a highly secure and efficient shopping cart experience with very low fees for merchants, along with the benefits of no chargebacks and no card declines. RocketFuel’s solutions focus on better protecting customer privacy, eliminating the risk of data breaches while improving speed, security and ease of use. Shoppers at online stores powered by RocketFuel enjoy seamless checkout and forget about the clunky shopping cart paradigm of the past. RocketFuel merchants can implement new impulse buying patterns and generate new sales channels not available in other current e-commerce solutions. More information about RocketFuel is available at: www.RocketFuelBlockchain.com
Disclaimer of Forward-Looking Statements:
The Company believes that this press release contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Words such as “may”, “could”, “should”, “should”, ” could”, “project”, “estimate”, “pro-forma”, “predict”, “potential”, “strategy”, “anticipate”, “try”, “develop”, “plan”, “help”, ” believe”, “continue”, “intend”, “expect”, “future” and terms of similar significance (including the negative of any of these terms) may identify forward-looking statements. These forward-looking statements, including, but not limited to, statements regarding management’s plans and objectives for future operations, are based on management’s current expectations and are subject to risks and uncertainties that could cause results that differ materially from the forward-looking statements. Actual results and the timing of certain events and circumstances may differ materially from those described in the forward-looking statements due to these risks and uncertainties. Factors that may influence or contribute to the accuracy of any forward-looking statements or cause actual results to differ materially from expected or desired results may include, without limitation, market acceptance of the company’s products and services. society ; competition from existing products or new products that may emerge; implementing the company’s business model and strategic plans for its business and our products; estimates of the company’s future revenues, expenses, capital needs and financing needs; current and future government regulations; and developments relating to the company’s competitors. Readers are cautioned not to place undue reliance on forward-looking statements due to the inherent risks and uncertainties. For more information about these risks and uncertainties, we encourage you to review the Company’s filings with the Securities and Exchange Commission (“SEC”), including its Annual Report on Form 10-K for the fiscal year ended March 31, 2022 and its Quarterly Reports on Form 10-Q for the fiscal years ended June 30, 2022 and September 20, 2022. The Company undertakes no obligation to update any forward-looking statements as a result of new information or changes. future events or developments, except as required by law. .
For more information please contact:
Ben Yankowitz, Chief Financial Officer