San Francisco, CA, Dec. 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, today announced that it is projecting an 1,300% increase in payment transactions processed for the third fiscal quarter ending December 31, 2022 over its previous fiscal quarter.

Management Commentary

"More and more people are paying with cryptocurrencies instead of credit cards. Starting in September 2022, we saw a significant acceleration in our number of crypto payment transactions processed each month and our transaction growth is accelerating exponentially. Last quarter, our transaction growth was 10x over the previous quarter, and in the current quarter we project our transaction growth to be at least 13x the previous quarter. We expect our transaction growth to continue for the foreseeable future," said Peter Jensen, Chief Executive Officer of RocketFuel.

"The increase is due to both a steady increase in the number of merchants using our crypto and bank transfer ecommerce payment solution, as well as the addition of several merchants who have provided significant transaction volume on a daily basis. We believe this validates our sales strategy of selling indirectly through payment service providers and other partners."

About RocketFuel Blockchain, Inc.

RocketFuel is a global payments solution company that provides online shoppers with a simple, easy-to-use, one-click checkout process that accepts payments with bank transfers, 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 amount of its products in the local currency, thus removing any volatility risk. RocketFuel's solutions focus on enhanced customer privacy protection eliminating the risk of a data breach while improving speed, security, and ease of use. Shoppers on RocketFuel powered online stores enjoy seamless check-out and forget the clunky cart paradigm of the past. RocketFuel merchants can implement new impulse buying schemes and generate new sales channels that are unavailable in other present-day e-commerce solutions. More information about RocketFuel is available at:

Forward-Looking Statements Disclaimer:

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. Terms such as "may," "might," "would," "should," "could," "project," "estimate," "pro-forma," "predict," "potential," "strategy," "anticipate," "attempt," "develop," "plan," "help," "believe," "continue," "intend," "expect," "future," and terms of similar import (including the negative of any of these terms) may identify forward-looking statements. Such forward-looking statements, including but not limited to statements regarding the plans and objectives of management 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 by the forward-looking statements as a result of these risks and uncertainties. Factors that may influence 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 emerge; the implementation of the company's business model and strategic plans for its business and our products; estimates of the company's future revenue, expenses, capital requirements and need for financing; 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 because of the risks and uncertainties related to them. For further information on 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 its Quarterly Reports on Form 10-Q for the quarters ended June 30 and September 30, 2022. The Company assumes 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:

Corporate:
contact@RocketFuelBlockchain.com

Investors:
Ben Yankowitz, CFO
b.yankowitz@RocketFuelBlockchain.com