San Francisco, California, July 13, 2022 (GLOBE NEWSWIRE) – RocketFuel Blockchain, Inc, a global provider of payment solutions via bank transfers and cryptocurrencies, announced today that its European subsidiary has received a Virtual Asset Service Provider (VASP) license from the Danish Financial Supervisory Authority.
The VASP registration enables RocketFuel to operate as a cryptocurrency exchange, offering the following services to corporate customers (B2B):
- Receive cryptocurrencies and fiat currencies
- Conversion of fiat to cryptocurrencies and vice versa
- Conversion of cryptocurrencies to other cryptocurrencies
- Transfer of cryptocurrencies and fiat currencies to corporate customers (B2B)
Peter Jensen, RocketFuel’s CEO, stated: “The VASP license is a breakthrough and a significant milestone for RocketFuel. We are now in a position where we can expand our offerings to our e-commerce merchants and provide settlement in both fiat and crypto and to convert and hold assets in eWallet accounts issued on our own platform.This gives us huge opportunities and competitive advantages, which we intend to exploit in the coming months.We will continue to provide our e-commerce customers with excellent crypto and bank payment services, but the opportunity to also offer exchange and conversion services gives us a complete package of payment solutions, which we believe is crucial to meet the growing demand in B2B cryptocurrencies and conversion services.
“We also believe that it is important for us to be regulated in the EU’s jurisdiction, so that we can operate a crypto exchange globally from our subsidiary in Europe. The value of being a Danish authorized entity now gives us the opportunity to expand into the worldwide B2B the crypto payment and conversion business. “
About RocketFuel Blockchain, Inc.
RocketFuel is a global payment solution company that provides online customers with a simple, user-friendly one-click payment process that accepts payments by bank transfer, Bitcoin and 120+ cryptocurrencies. With offices in San Francisco, Los Angeles and Copenhagen, RocketFuel provides a very secure and efficient shopping cart experience with significantly low fees for sellers, along with the benefits of no chargebacks and daily settlements in USD. RocketFuel’s solution focuses on improved privacy for customers that eliminates the risk of data breaches while improving speed, security and ease of use. More information about RocketFuel is available at: www.RocketFuelBlockchain.com.
Future-oriented statements
RocketFuel believes that this press release contains forward-looking statements as 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 “,” predict “,” try “,” develop “,” plan “,” help “,” believe “,” continue, “have to intent “,” expect “,” future “and terms of similar significance (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 is subject to risk and uncertainty that may cause results to differ materially from the forward-looking statements. Actual results and timing of certain events and circumstances may differ materially from those described in forward-looking statements ltat of these risks and uncertainties. Factors that may 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; the implementation of the company’s business model and strategic plans for the business and our products; estimates of the company’s future income, expenses, capital requirements and financing needs; current and future public regulations; and developments related to the company’s competitors. Readers are warned not to rely on forward-looking statements due to the risks and uncertainties associated with them. For further information on such risks and uncertainties, you are encouraged to review the Company’s submissions to the Securities and Exchange Commission, including the annual report on Form 10-K for the fiscal year ended March 31, 2021 and the quarterly report for the fiscal quarter. closed on 31 December 2021. The company undertakes no obligation to update any forward-looking statements as a result of new information or future events or developments, with the exception of what is required by law.
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INVESTOR CONTACT
Ben Yankowitz, CFO
