Global payments processor RocketFuel Inc. announced today that it has entered a strategic partnership with Ripple to integrate its payment technology into RocketFuel's infrastructure. The collaboration seeks to modernize fiat currency transfers to merchants and partners worldwide, with a focus on user security and privacy. The platform supports various payment methods and aims to prevent data breaches.
RocketFuel's one-click checkout system simplifies traditional checkout processes, fostering impulse buying. Merchants can access new sales channels through RocketFuel's services, which include pay-ins, payouts, B2B cross-border payments, and invoicing solutions.
RocketFuel CEO Peter Jensen is currently attending Ripple’s Swell conference in Dubai (November 8-9, 2023), where he is discussing the evolving payments industry landscape, the increasing importance of cryptocurrencies, and Ripple's potential to revolutionize existing payment processes.
The suite of services offered by RocketFuel now includes Ripple’s technology-integrated tools such as "Rocketfuel Pay-In Commerce" for facilitating crypto and ACH payments for merchants both online and at physical locations. It also includes "Rocketfuel Mass Pay-Out" for executing global bulk payments and "Rocketfuel Cross border B2B" for conducting large-scale cross-border transactions using blockchain and stablecoin technologies.
Earlier today, RocketFuel disclosed its strategic alliance with Ripple to incorporate Ripple Payments into its suite of services - 'RocketFuel Pay-In Commerce', 'RocketFuel Mass Pay-Out', and 'RocketFuel Cross border B2B'. These offerings use blockchain technology to manage in-store and online crypto and ACH payments, execute global payouts in crypto or through bank transfers, and manage cross-border transactions using stablecoins to ensure market stability.
This development follows RocketFuel's alliance in September 2023 with AvecPay to introduce cryptocurrency payments in Latin America. Utilizing RocketFuel's blockchain technology and stablecoins for market stability, AvecPay aimed to launch an online marketplace. This platform is designed to allow international merchants to showcase their products and conduct transactions in cryptocurrency.
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