RocketFuel CEO reveals explosive growth: over 400,000 crypto transactions so far in 2023

RocketFuel Payment Solutions CEO Peter Jensen joined Proactive's Stephen Gunnion with details of the strong growth the company has seen in crypto and blockchain this year.

In the first 11 months of 2023, RocketFuel processed 423,000 payment transactions using blockchain or crypto technologies, serving 122,000 unique users. The company focuses on B2B solutions, catering to both large corporations and individual consumers. RocketFuel's four products cover e-commerce, mass payouts, cross-border business-to-business transactions, and NFT gift cards.

Jensen emphasized blockchain's ability to optimize existing processes, providing efficiency in moving money globally. The benefits include reduced fees for merchants, faster transactions, and enhanced transparency, particularly crucial in the gig economy. While acknowledging the technology's early stages, Jensen sees the trend toward stablecoins tied to fiat currencies for mainstream adoption in payments.

As governments increasingly support and regulate blockchain, Jensen predicts continued massive growth in transactions.

The interview concludes with Jensen highlighting the significant volume of money moved by large businesses using blockchain, signaling a promising future for the technology.

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