RocketFuel Blockchain says it has no exposure to Silvergate or SVB

RocketFuel Blockchain (RKFL) confirmed that it has no relationship with, or exposure to, Silicon Valley Bank (SIVB) or Silvergate Bank (SI). "We have accounts with several large, well established banks around the world and none of them are impacted by the recent turmoil caused by the failures of Silicon Valley Bank or Silvergate Bank," stated Peter Jensen, RocketFuel’s CEO. "Rocketfuel is a payments infrastructure company and not an exchange. We do not own or hold cryptocurrencies, and therefore have no exposure to any volatility of cryptocurrencies. When payments are received from shoppers, they are instantaneously exchanged to FIAT currencies (primarily USD and EUR) and transferred into our merchants’ bank accounts."