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RocketFuel Blockchain Forecasts 1,300% Increase In Crypto Payment Transactions Processed In Quarter Ending Dec 31, 2022 | MarketScreener

San Francisco, California, December 23, 2022 (GLOBE NEWSWIRE) — RocketFuel Blockchain, Inc. (OTCQB: RKFL) (“RocketFuel” or the “Company”), a global provider of payment solutions via ACH bank transfers, Bitcoin and other cryptocurrencies, announced today that it expects a 1,300% increase payment transactions processed for the third fiscal year end of quarter December 31, 2022 compared to its previous fiscal quarter.

Management commentary

“More and more people are paying with cryptocurrencies instead of credit cards. From September 2022, we have seen a significant acceleration in our number of crypto payment transactions processed each month and our transaction growth is accelerating exponentially. Last quarter, our deal growth was 10x the previous quarter, and for the current quarter, we expect our deal growth to be at least 13x the previous quarter. We expect our transaction growth to continue for the foreseeable future,” said Peter JensenCEO of RocketFuel.

“The increase is due to both a steady increase in the number of merchants using our crypto and wire transfer e-commerce payment solution, as well as the addition of several merchants who have provided significant transaction volume to the We believe this validates our business strategy of selling indirectly through payment service providers and other partners.

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 via wire transfer, Bitcoin, and over 120 cryptocurrencies. RocketFuel offers a highly secure and efficient shopping cart experience with significantly lower fees for merchants, along with the benefits of no chargebacks, no card declines, and a settlement guarantee that ensures that the merchant always receives the amount of his products in the local currency, thus removing any risk of volatility. 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 can be found at:

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 on these risks and uncertainties, we encourage you to consult the documents filed by the Company with the Security and Exchange Commission (“SEC”), including its Annual Report on Form 10-K for the fiscal year ended March 31, 2022 and quarterly reports on Form 10-Q for completed quarters June 30th and September 30, 2022. The Company undertakes no obligation to update forward-looking statements as a result of new information or future events or developments, except as required by law.

For more information please contact:

Company :
[email protected]

Investors:Ben YankowitzCFO
b.yankowitz[email protected]

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Source: Blockchain RocketFuel

2022 GlobeNewswire, Inc., source Press Releases


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