RocketFuel Blockchain Inc (OTCQB:RKFL) said it has seen a 15-fold increase in customer traction in 30 days driven by its acquisition of three large-scale clients and the successful launch of new products, including its highly anticipated ‘Payouts’ feature.
The payment solutions provider said its transaction volumes increased from 110 transactions per day in June 2023 to 1,600 per day in July, representing growth of about 1,500% month-over-month.
"We're excited about the immediate traction our new products are delivering," RocketFuel Blockchain CEO Peter Jensen said. "This significant upswing in customer engagement demonstrates the market's enthusiastic response to our innovative solutions."
Based on this growth trajectory, RocketFuel Blockchain believes it is on track to achieve positive cash flow by September 2023.
A robust pipeline of potential customers is expected to sustain growth through the remainder of the fiscal year, it added.
"We're ramping up our capacity to allow for onboarding additional customers in the pipeline to continue growth," Jensen said in a statement.
"We believe that our commitment to innovation and customer-centric solutions sets us apart in the payment infrastructure landscape."
RocketFuel Blockchain is a global payments infrastructure company that provides modern blockchain-based solutions for moving money between businesses and consumers faster, cheaper, and more securely.
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