RocketFuel Blockchain Inc. (OTCQB: RKFL) (“RocketFuel” or the “Company”), a global provider of payment solutions via ACH bank transfers, Bitcoin and other cryptocurrencies, is pleased to announce the launch of its loyalty program, which was developed in collaboration with ACI Worldwide, its large merchant processing partner.
The RocketFuel loyalty program will initially be available for select merchants and a full release is expected by the end of 2022. Merchants and shoppers will both benefit from the world’s first crypto payments loyalty program. Merchant customers earn RocketFuel loyalty tokens on all purchases for free. Merchants are able to promote goods and services to all members of the RocketFuel loyalty program. Shoppers earn RocketFuel tokens on any purchases across all merchants and can redeem tokens on RocketFuel’s marketplace with participating merchants.
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The RocketFuel loyalty program timing is significant as Metaverse traction gains using modern technologies. Merchants can include NFT technology in promotions to members. Shoppers can earn blockchain-based tokens instead of points. Tokens can easily be transferred, shared, remediated or sold.
Peter Jensen, Chief Executive Officer of RocketFuel, commented, “We’re continuing to add new products that add revenue streams for our payment partners and their merchants by allowing merchants to promote their products across all our members using the latest blockchain technologies. Payment Service Providers and others have traditionally been excluded from participating in the revenue and profits from loyalty programs. With our unique model, this new RocketFuel loyalty program is changing all of that and enabling participation and additional revenue for our partners and merchants. It’s a win-win for all merchants and shoppers.”
Basant Singh, Sr. Vice President and Global Head Of Merchant of ACI Worldwide, said: “We’re excited to work with RocketFuel to bring a loyalty program to our merchants and partners that leverages the latest blockchain technologies. The opportunity for Payment Service Providers to participate in the revenue and profits from loyalty programs is a first and a significant game-changer for the industry.”
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