RocketFuel Blockchain Launches B2B Solution
RocketFuel Blockchain, which provides payment solutions using cryptocurrencies, announced on Tuesday (July 26) that it has launched a new B2B cross-border settlement solution.
The new solution will facilitate settlement for B2B entities with stablecoins. This will be done through a combination of digital and fiat currencies, according to the release, enabling fast, reliable, compliant and automated cross-border settlements.
The release noted that RocketFuel’s virtual currency platform utilizes a variety of digital payment options for both crypto and fiat currencies. They can be used for things like metaverse or non-fungible token (NFT) platforms to allow payments for in-game tokens, cryptocurrencies, central bank digital currencies (CBDC), stablecoins and other such things.
“A major factor pushing crypto payments into the mainstream is settlement layers using stablecoins, especially USDT and USDC,” said Peter Jensen, RocketFuel CEO. “This is not yet very visible to the retail customer, but has a very important effect on the overall integration of crypto rails for financial institutions, creating stable, programmable and efficient settlement layers.
“Due to our recently received crypto exchange license (VASP) in Europe, RocketFuel is now able to offer PSPs and e-commerce merchants stable coin settlement in a fully regulated environment.”
PYMNTS wrote last year that RocketFuel was working with ACI Worldwide to allow more alternative currency payments for merchants globally.
Read more: ACI teams with RocketFuel to power cryptocurrency sales payments
ACI Worldwide is a real-time digital payment platform, and the partnership saw ACI Secure eCommerce add RocketFuel as a way for merchants to accept crypto payments through a single platform, with no processing fees.
In a press release at the time, Jensen said he believed in the potential for crypto to transform things.
“Cryptocurrency will revolutionize e-commerce and in-store shopping as consumer adoption continues to increase and more merchants around the world recognize the significant benefits of this form of payment,” he said.
For all PYMNTS B2B and crypto coverage, subscribe to the daily Newsletter for B2B and Krypto.
——————————
NEW PYMNTS SURVEY FINDS 3 IN 4 CONSUMERS WITH STRONG DEMAND FOR SUPER APPS
About: The findings of PYMNTS’ new study, “The Super App Shift: How Consumers Want To Save, Shop And Spend In The Connected Economy”, a collaboration with PayPal, analyzed the responses of 9,904 consumers in Australia, Germany, the UK and the US and showed strong demand for a single multi-functional super app instead of using dozens of individuals.
