Breaking #Blockchain Payment #Stock News-
iQSTEL (OTC: $IQST) Announces
the Completion by itsBchain of its Blockchain-based Payment Solution Software
Blueprint for Telefonica, Deutche Telecom and other Tier 1 Carrier Interconnects; @IQstel
New
York, NY, February 26, 2020 - (Investorideas.com Newswire )-
Blockchain
Payment Stock News - iQSTEL Inc. (OTC: IQST) today announced the software blueprint
for its blockchain-based Voice, SMS, and Data Wholesale Carrier Settlement and Payment Platform
is complete.
Read this news featuring
IQST in full at https://www.investorideas.com/news/2020/technology/02261OTCIQST-itsBchain-Blockchain-PaymentSolution.asp
Blockchain
technology is turning the payment processing world upside down. Rapid
processing with fraud mitigation all in one forensic friendly system. It will
drive the Telecom market out of the dark ages and into the 21st
century.
Mr. Iglesias, the Company’s CEO, stated: “We are very
pleased with the speed at which this software blueprint has been completed by
itsBchain. Final assembly of the payment solutions platform has begun with the
anticipation of an early Q3 delivery for beta testing. We already anticipate
beta testing to begin with some of our biggest carrier clients such as
Telefonica (Spain and Latin America), Millicom (Tigo brand for Latin America),
Telecom Italia and Deutche Telecom.”
“The demand for an efficient Tier-1 payment system is felt
across the telecom industry as a whole. Currently, receivables time frames are
35-40 days. Our vision in istBchain is to be the first blockchain solution for
this market, dramatically reducing the receivables time frame to as little as a
day. In addition, our blockchain-based solution will virtually eliminate fraud,
currently an uncontrolled detriment to corporate bottom lines in the Telecom
market. Today, the carrier
interconnection market is worth hundreds of billions of dollars per year and
our system will bring transparency, efficiency and increased profits to the
carriers. This is one of the biggest opportunities currently in the telco
industry worldwide.” concluded Mr. Iglesias, the Company’s CEO.
About iQSTEL Inc.:
iQSTEL (OTC: IQST) www.iQSTEL.com is a technology company offering a
wide array of services to the Telecommunications Industry. These include
services to International Long-Distance Telecommunications Operators (ILD
Wholesale), Retail and Corporate markets (ILD Retail), Submarine Fiber Optic
Network capacity, Satellite Communications services, Mobile Virtual Network
Operator (MVNO) services, Internet of Things (IoT) technology solutions, Data
Center facilities capacity leasing, and Blockchain solutions for the
Telecommunications industry.
About Etelix.com USA, LLC:
Etelix.com USA LLC www.etelix.com is wholly owned subsidiary of iQSTEL
Inc. Etelix.com USA, LLC is a Miami, Florida-based international telecom
carrier founded in 2008 that provides telecom and technology solutions
worldwide, with commercial presence in North America, Latin America and Europe.
Enabled by its 214-license granted by the Federal Communications Commission
(FCC), Etelix provides International Long-Distance voice services for Telecommunications
Operators (ILD Wholesale), and Submarine Fiber Optic Network capacity for
internet (4G and 5G). Etelix was founded in 2008 and has been profitable since
inception.
About SwissLink Carrier AG:
SwissLink Carrier AG www.swisslink-carrier.com is a 51% owned subsidiary of iQSTEL
Inc. SwissLink Carrier AG is a Switzerland based international
Telecommunications Carrier founded in 2015 providing international VoIP
connectivity worldwide, with commercial presence in Europe, CIS and Latin
America. SwissLink Carrier AG is a Swiss licensed Operator, having a domestic
Interconnect with Swisscom, allowing their international Carrier Customers
direct terminations via SwissLink into all Switzerland Fix & Mobile
Networks. Since the takeover from Swissphone in November 2018 and the rename
into SwissLink, they operate on a profitable level.
About QGlobal SMS LLC.:
QGlobal SMS LLC www.qglobalsms.com is a 51% owned subsidiary of iQSTEL
Inc. QGlobal SMS is a
USA based company founded in 2020 specialized
in international and domestic SMS termination, with emphasis on the
Applications to Person (A2P) and Person to Person (P2P) for Wholesale Carrier
Market and Corporate Market in US. QGlobal SMS has commercial
presence in Europe, USA and Latin America. QGlobal SMS has robust international interconnection with Tier1 SMS
Aggregators, guarantying its customers high quality and low termination rates,
over more than 100 countries worldwide.
Safe Harbor Statement: Statements in this news release may
be "forward-looking statements". Forward-looking statements include,
but are not limited to, statements that express our intentions, beliefs,
expectations, strategies, predictions or any other statements relating to our
future activities or other future events or conditions. These statements are
based on current expectations, estimates and projections about our business
based, in part, on assumptions made by management. These statements are not
guarantees of future performance and involve risks, uncertainties and
assumptions that are difficult to predict. Therefore, actual outcomes and
results may, and are likely to, differ materially from what is expressed or
forecasted in forward-looking statements due to numerous factors. Any
forward-looking statements speak only as of the date of this news release and
iQSTEL Inc. undertakes no obligation to update any forward-looking statement to
reflect events or circumstances after the date of this news release.
iQSTEL Inc.
Source: iQSTEL Inc.
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