Both Sila and RocketFuel believes in frictionless and simple payments
Las Vegas, Nevada, April 15, 2020 (GLOBE NEWSWIRE) — “RocketFuel”, the blockchain based checkout solution for both eCommerce and brick-and-mortar merchants and Sila, the built-in ACH and digital wallet API provider, have announced a partnership to transform and disrupt the monopolized and rigid payment regimes.
The partnership will see RocketFuel’s ultra high efficiency ecommerce blockchain based check-out technology platform, join Sila build-in digital wallet with linked bank-account to reach millions of new customers and sales channels.
Gert Funk, RocketFuel’s CEO, said: “We are pleased to partner with such a forward looking and innovative company that understands the value and importance of offering access to secure blockchain based digital payments, focusing on protecting sensitive consumer data details and ensuring frictionless and with high cart conversion rates. We believe that by adding the Sila payment methods, digital wallets linked to any of the around 400M US bank accounts our approach and offering to our merchants will be improved significantly.”
RocketFuel is developing what it believes will be the first check-out solution on the market focusing on enhancing customer data protection enabling consumers to pay for goods online without expositing spending credentials and other personal data to 3rd parties.
The partnership between RocketFuel and Sila is the perfect match for both companies to expand the frictionless and simple payment and check-out solutions to both eCommerce and brick-and-mortar merchants and at the same time widen the sales channels significantly.
Together, RocketFuel and Sila have the opportunity to transform the payments experience for the hundred of millions of online and retail shoppers that are looking for 100% secure and efficient payment methods without sharing and payment credentials with 3rd parties.
RocketFuel Blockchain Inc. is developing technology to bring highly efficient check-out systems to eCommerce. These new check-out systems are based on blockchain technology and are designed to increase speed, security, and ease of use. RocketFuel believes that users of its technology will be able to enjoy seamless check-out and forget about the clunky cart paradigm of the past. Merchants will be able to implement new impulse buying schemes that may be unavailable in present day eCommerce sites. More information about RocketFuel is available at: rocketfuelblockchain.com.
Sila provides Banking and Payments Infrastructure-as-a-Service for teams building the next generation of financial products and services. Its banking APIs replace the need for integrating with legacy financial institutions saving you months of development time, and thousands in legal and regulatory expenses. Sila is the only U.S. regulated payments and banking API that uses a built-in stablecoin called SILA to move money between user accounts. Currently available on the Ethereum public blockchain, SILA is an ERC-20 token pegged 100:1 to the US Dollar, with funds held by an FDIC member bank. This allows programmable money via Solidity-based smart contracts, fiat-to-crypto on-ramps, and blockchain anchored transaction logs. More information about Sila is available at silamoney.com.
We Make Payments Secure and Simple and at the same time Protecting Consumer data
No re-direct and no typing of redundant information. No longer any need to open new accounts with passwords, etc.
Consumer Data Protection
Zero exposure of spending authority.
No middlemen, payment processors or card-schemes involved 100% secure and encrypted
Faster. No filling out forms and no need to provide payment details
The Company believes that this press release contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Terms such as “may,” “might,” “would,” “should,” “could,” “project,” “estimate,” “pro-forma,” “predict,” “potential,” “strategy,” “anticipate,” “attempt,” “develop,” “plan,” “help,” “believe,” “continue,” “intend,” “expect,” “future,” and terms of similar import (including the negative of any of these terms) may identify forward-looking statements. Such forward-looking statements, including but not limited to statements regarding the plans and objectives of management for future operations, are based on management’s current expectations and are subject to risks and uncertainties that could cause results to differ materially from the forward-looking statements. Actual results and the timing of certain events and circumstances may differ materially from those described by the forward-looking statements as a result of these risks and uncertainties. Factors that may influence or contribute to the accuracy of the forward-looking statements or cause actual results to differ materially from expected or desired results may include, without limitation, market acceptance of the company’s products and services; competition from existing products or new products that may emerge; the implementation of the company’s business model and strategic plans for its business and our products; estimates of the company’s future revenue, expenses, capital requirements and need for financing; current and future government regulations; and developments relating to the company’s competitors. Readers are cautioned not to place undue reliance on forward-looking statements because of the risks and uncertainties related to them. For further information on such risks and uncertainties, you are encouraged to review the Company’s filings with the Securities and Exchange Commission (“SEC”), including its Annual Report on Form 10-K for the fiscal year ended March 31, 2019. The Company assumes no obligation to update any forward-looking statements as a result of new information or future events or developments, except as required by law.
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