RocketFuel Blockchain confirms no exposure to Silicon Valley Bank or Silvergate Bank
San Francisco, CA, March 13, 2023 (GLOBE NEWSWIRE) — RocketFuel Blockchain, Inc. (OTCQB: RKFL) (“RocketFuel” or the “Company”), a global provider of payment solutions via ACH wire transfers, Bitcoin and other cryptocurrencies, confirmed today that it has no relationship with, or exposure to, Silicon Valley Bank or Silvergate Bank.
“We have accounts with several large, well-established banks around the world, none of which have been affected by the recent turmoil caused by the failures of Silicon Valley Bank or Silvergate Bank,” said Peter Jensen, RocketFuel’s CEO. “Rocketfuel is a payment infrastructure company and not an exchange. We do not own or hold cryptocurrencies and therefore have no exposure to any volatility of cryptocurrencies. When payments are received from customers, they are immediately exchanged into FIAT currencies (primarily USD and EUR) and transferred to our sellers’ bank accounts.”
About RocketFuel Blockchain, Inc.
RocketFuel is a global payment solutions company that provides online customers with a simple, user-friendly, one-click payment process that accepts payments by wire transfer, Bitcoin and 120+ cryptocurrencies. RocketFuel delivers 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 the merchant always receives the quantity of their products in local currency, thus removing any volatility risk. RocketFuel’s solutions focus on improved privacy for customers that eliminate the risk of data breaches while improving speed, security and ease of use. Shoppers at RocketFuel-powered online stores enjoy seamless checkout and forget the clunky shopping cart paradigm of the past. RocketFuel sellers can implement new impulse buying schemes and generate new sales channels not available in other current e-commerce solutions. More information about RocketFuel is available at: www.RocketFuelBlockchain.com
Disclaimer for forward-looking statements:
The company believes that this press release contains forward-looking statements as this term is defined in the Private Securities Litigation Reform Act of 1995. Terms such as “may”, “may”, “would”, “should”, “could”, “project”, “estimate” , “pro forma”, “predict”, “potential”, “strategy”, “anticipate”, “attempt”, “develop”, “plan”, “help”, “believe” “continue”, “intend”, “expect”, “future” and terms of similar meaning (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 forward-looking statements as a result of these risks and uncertainties. Factors that could affect or contribute to the accuracy of the 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; competition from existing products or new products that may appear; implementing the company’s business model and strategic plans for our business and products; estimates of the company’s future revenues, expenses, capital needs and financing needs; current and future government regulations; and developments related to the company’s competitors. Readers are cautioned not to rely on forward-looking statements because of the risks and uncertainties associated with them. For additional information regarding such risks and uncertainties, you are encouraged 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 quarterly. 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 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 Yankowitz, CFO
[email protected]
