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April 1, 2021

RocketFuel introduces crypto acceptance functionality

By Shalini mani

RocketFuel Blockchain, which provides one-click online payment options using Bitcoin and other cryptocurrencies, has launched a new blockchain-based payments solution.

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  • ESG
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  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
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The new solution enables merchants and consumers to pay through 43 different cryptocurrencies or direct bank transfer.

Additionally, they can also make payments directly from cryptocurrency exchange accounts, including Coinbase, Gemini, Kraken, Binance, and Bitstamp.

RocketFuel CEO Peter Jensen said: “Ecommerce has become mainstream, but the payment technologies available to merchants are old fashioned, based on technologies which are not in-line with the needs and demands of modern consumers who prefer digital and contactless payments over cards or cash.

“Cryptocurrency represents the future of payments and is already disrupting the status quo by offering merchants a better, more economical option for their businesses and customers.”

RocketFuel noted that its crypto acceptance functionality has been already adopted by a number of merchants, including online travel portal Sky-tours and cryptocurrency tax accounting firm BearTax.

The service is said to eliminate the need for payment intermediaries while helping merchants enhance the cash flow by helping them cut down on costs associated with card network fees, bank fees and chargeback costs.

Last April, RocketFuel partnered with ACH and digital wallet API provider Silav to offer frictionless payments.

Cryptocurrencies are gaining momentum across the world as a currency-agnostic method of payment.

Recently, PayPal introduced a new service that allows customers in the US to make online payments with cryptocurrencies.

Last month, Paysafe announced that its Skrill digital wallet has expanded its cryptocurrency offering to the US in partnership with Coinbase, the digital currency platform provider.

The samemonth, Canada-based e-commerce platform Personas Social rolled out merchant and crypto payment services.

Free Report
img

Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

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