HomeCryptoRocketFuel Blockchain Forecasts a 1,300% Increase in Cryptocurrency Payment Transactions Processed in the Quarter Ended December 31, 2022
RocketFuel Blockchain Forecasts a 1,300% Increase in Cryptocurrency Payment Transactions Processed in the Quarter Ended December 31, 2022
December 23, 2022
San Francisco, CA, Dec. 23, 2022 (GLOBE NEWSWIRE) — RocketFuel Blockchain, Inc. (OTCQB: RKFL) (“RocketFuel” or the “Company”), a global provider of payment solutions using ACH wire transfers, Bitcoin and other cryptocurrencies, today announced it expects a 1,300% increase in transactions processed payments for the third fiscal quarter ending December 31, 2022 from the previous fiscal quarter.
“More and more people are paying with cryptocurrencies instead of credit cards. As of September 2022, we have seen a significant acceleration in the number of cryptocurrency payment transactions processed each month, and the growth of our transactions is accelerating exponentially. Last quarter, our transaction growth was 10x the prior quarter, and in the current quarter, we expect our transaction growth to be at least 13x the prior quarter. We expect our transaction growth to continue for the foreseeable future,” said Peter Jensen, chief executive officer of RocketFuel.
“The increase is due both to the continued increase in the number of merchants using our ecommerce payment solution with cryptocurrencies and bank transfers, as well as the addition of several merchants who have been providing significant transaction volume on a daily basis. We believe that this validates our sales strategy of indirect selling through payment service providers and other partners”.
About RocketFuel Blockchain, Inc.
RocketFuel is a global payment solutions company that offers online shoppers a simple and easy-to-use one-click payment process that accepts payments by wire transfers, 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 charges, no card declines, and a settlement guarantee that ensures the merchant always receives the amount for their products in the local currency, therefore eliminating any risk of volatility. RocketFuel’s solutions focus on enhancing customer privacy protection, eliminating the risk of data breaches, and improving speed, security, and ease of use. Shoppers on RocketFuel-powered online stores enjoy seamless checkout and forget the clunky shopping cart paradigm of the past. RocketFuel merchants can implement new impulse buying schemes and generate new sales channels that are not available in other current e-commerce solutions. More information about RocketFuel is available at: www.RocketFuelBlockchain.com
Forward-Looking Statements Disclaimer:
The Company believes this press release contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Terms such as “may”, “may”, “would”, “should”, “could”, “project” , “estimate”, “proforma”, “forecast”, “potential”, “strategy”, “anticipate”, “attempt”, “develop”, “plan”, “help”, “I believe”, “continue”, ” intend”, “expect”, “future” and terms of similar importance (including the negative of any of these terms) may identify forward-looking statements. Such 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 to 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 as a result of such risks and uncertainties. Factors that could affect or contribute to the accuracy of forward-looking statements or cause actual results to differ materially from anticipated or desired results may include, without limitation, market acceptance of the Company’s products and services; competition from existing products or from new products that may emerge; the implementation of the company’s business model and strategic plans for its business and our products; estimates of the company’s future income, expenses, capital requirements and financing needs; current and future government regulations; and developments related to the company’s competitors. Readers are cautioned not to place undue reliance on forward-looking statements because of the risks and uncertainties associated with them. For more information about such risks and uncertainties, please 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 the quarterly report Reports on Form 10-Q for the quarters ended June 30 and September 30, 2022. The Company undertakes no obligation to update any forward-looking statement as a result of new information or future events or developments, except as required From law.