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RocketFuel Blockchain Inc (OTCMKTS:RKFL) Stock Gains Momentum: But Why?

Pete Matthews

RocketFuel Blockchain Inc (OTCMKTS:RKFL) Stock Gains Momentum: But Why?

Global payment solutions provider RocketFuel Blockchain Inc (OTCMKTS:RKFL) provides services related to ACH Bank Transfers, Bitcoin and other forms of cryptocurrencies. On May 19, the company announced that it had gone into collaboration with the global technology company Zebra Digital Inc.

It should be noted that Zebra Digital is actually a client of the firm PaymentCloud, which is a payments solutions provider and also collaborates with RocketFuel Blockchain. Zebra provides a range of services and has built up a network of financial clientele. That network of clients allows the company to offer its customers a number of cross-border business-to-business money transfer products. It mainly utilizes stablecoins and other cryptocurrencies to make the transfers.

In this context, RocketFuel Blockchain would be acting as a facilitating agent for completing these transactions by ensuring security between buyers and sellers and also providing full compliance. The Chief Executive Officer of RocketFuel Blockchain Peter Jensen spoke about the development as well. He noted that the task of moving large amounts of money across borders had always been a challenge for most businesses. The company was looking to provide entities like Zebra Digital with the right resources so that they could perform the task.

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.