RocketFuel Blockchain, Inc. (PNK:RKFL) Q3 2022 Earnings Call Transcript

Ben Yankowitz: In this version of the Zoom webinar, they’re not letting me do it.

Peter Jensen: Okay. Alright, so all right. So if you have other questions, type them in — okay, there is one more question here. Can you support offline payments and process batch transactions? I don’t think we do that. Do we, Arvind?

Arvind Verma: I’m assuming by offline payments, you mean in store payments, right? Because there’s blockchain, nothing is offline, right? So we are piloting our in-store payments. Again then blockchain, we do process transactions that we can in batches, but there’s not going to be like a daily batch, right? It’s to increase efficiency and reduce the cost, but it’s still near real time.

Peter Jensen: But it’s a good question. We do support in-store payments today. And we have some customers that they — we actually had one customer that said, oh, I can’t use your system. I really have customers coming in wanting to pay. With crypto and but our Internet connection is so unstable where we are. And we said, don’t worry about it, you have cell phone coverage, yes. So we actually bought him a little tablet, little iPad tablet with one of the GSM cards phone number, right? And then you’re not dependent on the Internet and you can just have that in the store, accept crypto payments, and so as long as you have a mobile cell phone connection or an Internet connection, we can accept payments in the store. Online, it doesn’t — no, I don’t think if it makes sense. There might be use cases, but I don’t think we would say we supported offline today. Yes, so cool.

Ben Yankowitz: Alright, I think that’s all the questions.

Peter Jensen: But Ben, what have I said that I shouldn’t have said about the future?

Ben Yankowitz: I’ll tell you in private. I think we’re fine.

Peter Jensen: Well, good, good. Yes. Alright. Well, thank you, everyone, and you’re always welcome to reach out to us directly. We’d be happy to get on a one-on-one call with anyone, who needs it. But just to summarize, we really feel — it’s always hard, the first 10-months of seeing transaction volume and all of that. But it’s — we feel really good about where we’re going now. Additional customers, additional products, increased volume, increased revenue. So we just need to continue on this path. And follow the same path many other startups have done in our shoes. So thank you for participating and we look forward to speaking to you in the future. Have a wonderful day. Bye-bye.

Ben Yankowitz: Thanks.

Operator: Goodbye.