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RocketFuel Inc (OTCMKTS:RKFL) Launches Crypto Payouts Product

RocketFuel Inc (OTCMKTS:RKFL) is a company that offers payments solutions at a global level by way of Bitcoin, ACH bank transfers and cryptocurrencies. Last Friday the company had come into sharp focus after it announced that it had officially launched its Payouts product. The product is a novel one since it would enable businesses to make payments in crypto or fiat to their employees, creators, freelancers and vendors.

Trading Data

On Friday, RKFL stock slumped 11.11% to $0.0800 with more than 14.12K shares, compared to its average volume of 22.78K shares. The stock moved within a range of $0.0800 – 0.1000 after opening trading at $0.1000.

RocketFuel Launches Its Most Anticipated Crypto Payouts Product

The new product is a natural progression for RocketFuel since it already offers RocketFuel E-commerce, which helps merchants in receiving payments both in fiat bank transfers and crypto. Due to the launch of the new product it would be possible for merchants to both receive payments and make them in fiat as well as digital currencies by way of a single solution.

The legacy payment systems like bank transfers are expensive, unreliable and often slow, especially in case of overseas payments. The varied problems related to bank transfers lead to higher maintenance and support costs as well as delayed payments, which lead to unhappy customers. Receiving payments in crypto has increasingly become a suitable option for many due to the fact that payments are instantaneous and people receive the payments on to their phones or computers.

Published by Pete Matthews

Pete attended the University of Colorado and still calls the centennial state home. He chases trout in the summer and snowboards in the winter. He is fascinated with the markets and has a strong interest in nanocap stocks and crypto currency.

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