RocketFuel Blockchain, Inc, a global provider of payment solutions via bank transfers and cryptocurrencies, announced that its European subsidiary has been granted a Virtual Asset Service Provider (VASP) license by the Danish Financial Supervisory Authority.
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The VASP registration allows RocketFuel to operate as a crypto currency exchange, providing the following services to its business customers (B2B):
- Receiving cryptocurrencies and fiat currencies
- Conversion of fiat to cryptocurrencies and vice-versa
- Conversion of cryptocurrencies to other cryptocurrencies
- Transfer of cryptocurrencies and fiat currencies to business customers (B2B)
Peter Jensen, RocketFuel’s CEO, stated: “The VASP license is a breakthrough and a significant milestone for RocketFuel. We are now in a position where we can expand our offerings to our eCommerce merchants and provide settlements in both fiat and crypto and to convert and hold assets in eWallet accounts issued on our own platform. This gives us tremendous opportunities and competitive advantages, which we intend to exploit the coming months. We will continue to provide our eCommerce merchant customers with excellent crypto and bank payment services, but the ability also to offer exchange and conversion services gives us a complete package of payment solutions, which we believe is crucial to meet the increasing demand within B2B crypto payments and conversion services.
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“We also believe that it is important for us to be regulated in the EU jurisdiction, permitting us to run a crypto exchange globally from our subsidiary in Europe. The value of being a Danish authorized entity now gives us the opportunity to expand into the worldwide B2B crypto payment and conversion business.”
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