Blockchain Innovation A Key Part iQSTEL Inc.’s 70% Explosive Growth YTD in 2020 Through May Vs. 2019; Multiple Product Services Emerge For Telecom Industry
iQSTEL Inc. (OTC: iQST) has developed key blockchain-driven services and products for the telecom industry as it reports dynamic sales gains of 70%+ for the year-to-date through May 2020 vs. the same period in 2019. Organic and acquisition growth helped drive the spike in sales, but blockchain innovation is playing a major role in the company’s future ability to bring 21st Century enhanced communications into the telecommunications industry — next generation blockchain and artificial intelligence (AI) plus Internet of Things (IoT) services.
Media companies such as Stock Market Press are reporting on the fast growing telecommunications market. It keeps readers up to date on company stocks such as iQSTEL Inc. (OTC: IQST), amazon.com (NASDAQ: AMZN), Alphabet Inc. (NASDAQ: GOOGL), Apple Inc. (NASDAQ: AAPL), Telefónica SA (NYSE: TEF), Samsung Electronics Co. Ltd. (OTC: SSNLF), (Motorola Solutions, Inc. (NYSE: MSI), China Mobile Limited (NYSE: CHL),Verizon (NYSE: VZ), AT&T Inc. (NYSE: T), T-Mobile US (NASDAQ: TMUS),Ericsson (NASDAQ: ERIC), DISH Network Corporation (NASDAQ: DISH), Nokia Corporation (NYSE: NOK), Liberty Global (NASDAQ: LBTYA) and Vodafone Group PLC (NASDAQ: VOD).
Blockchain Innovation A Key Part iQSTEL Inc.’s (OTC: iQST) 70% Explosive Growth YTD in 2020 Through May Vs. 2019; Multiple Product Services Emerge For Telecom Industry
It is no wonder that iQSTEL Inc. (OTC: iQST) reported sharp gains in April and May 2020. Respectively, the Company reported 93% and 190% sales gains in these two months Vs. the same months in 2019. In fact, the Company is on a track to reach $40+ million in volume this year. YTD through May 2020 sales jumped to $11.9 million vs. $6.9 million for the comparable period in 2019. iQSTEL Inc. (OTC: iQST) is bringing to market first-time telecom industry disruptive products. Blockchain Innovation A Key Part Of iQSTEL Inc.’s (OTC: iQST) 70% Explosive Growth YTD in 2020 Through May Vs. 2019; Multiple Product Services Emerge For Telecom Industry.
iQSTEL Inc. (OTC: iQST) Innovates With Multiple New Services
Innovations now include these three services: 1) The Company’s mobile portability MNPA app; 2) International payments/settlements innovative platform that solve issues of speed, fraud and real time transactions; and 3) Most recently, it has acquired IoT Labs Mexico and its star product, the IoT Smart Gas Platform, which is being commercialized and marketed internationally for real time monitoring of numerous liquids.
iQSTEL Inc’s. (OTC: iQST) three new blockchain, AI and IoT product services to date makes it an increasingly important player in the telecommunications industry. As the 5G provider landscape changes internationally, consumers users may seek to change mobile carriers but keep their own numbers, iQSTEL Inc’s. (OTC: iQST) 75%-owned subsidiary itsBchain LLC offers a quick solution in its platform that enables a fast mobile number portability app (MNPA) for consumers. 5G changes to the market may mean more phone users seek new providers while keeping their number. Instead of an archaic days to weeks timeline requiring 2-party verification, this transaction can now take only minutes with the itsBchain LLC MNPA app.
In just three clicks, the change is made.
iQSTEL’s (OTC: IQST) itsBchain LLC subsidiary’s Mobile Number Portability App (MNPA) is well positioned for the push this year by Apple Inc. (NASDAQ: AAPL) and Verizon (NYSE: VZ) into 5G iPhones and 5G Networks. That plus the recent entry by DISH Network Corporation (NASDAQ: DISH) as a new 5G provider makes the blockchain and artificial intelligence driven MNPA app enabling consumers to quickly and securely make a porting change to a new provider while keeping the same number essential.
The Impact Of itsBchain LLC Subsidiary
Second, is an industry-disrupting secure and fast international payments/settlements solutions that quickly makes real time transactions online that reduce cost and simplify commercial transactions. Both are projected as industry-leading, long term revenue stream providers, Iglesias said. Blockchain Innovation A Key Part Of iQSTEL Inc.’s (OTC: iQST) 70% Explosive Growth YTD in 2020 Through May Vs. 2019; Multiple Product Services Emerge For Telecom Industry.
Leandro Iglesias, CEO of iQSTEL Inc. (OTC: IQST), said that the Company’s 75%-owned subsidiary blockchain solutions provider itsBchain LLC also provides an telecom industry disrupting secure and fast international payments/settlements solutions that quickly makes in real time transactions online that reduce cost and simplify commercial transactions. Both the MNPA app and payments/settlements blockchain platform are projected as industry-leading, long term revenue stream providers, Iglesias said. Blockchain Innovation A Key Part Of iQSTEL Inc.’s (OTC: iQST) 70% Explosive Growth YTD in 2020 Through May Vs. 2019; Multiple Product Services Emerge For Telecom Industry.
Blockchain’s Role In Global Payment Processing
Companies such as American Express (NYSE: AXP), Visa (NYSE: V), Discover (NYSE: DFS), MasterCard (NYSE: MA) and other financial institutions are increasingly relying on blockchain for their global payment processing — seeking the benefits of distributed ledger record-keeping and transparency in large cross-border transactions. As blockchain disrupts FinTech and international banking, iQSTEL Inc. (OTC: IQST) and itsBchain LLC subsidiary have developed blockchain-driven software with other advantages: reduced costs, a shortened receivables timeframe and fraud mitigation, even after a transaction is completed.This product is especially well-timed as hard pressed American retailers seek to cut bank and interchange fees in the global payments system.
iQSTEL Inc. (OTC: IQST) Makes Acquisition Of IoT Labs Mexico And Its Star Product, The IoT Smart Gas Platform
iQSTEL Inc. (OTC: IQST) has thirdly demonstrated the ability to identify a product that may be commercialized internationally and provide benefit to companies in several industries. Such is the case with its recent acquisition of IoT Labs Mexico and its star product the IoT Smart Gas Platform. Taking a real time monitoring device designed initially for refilling LP Gas tanks, iQSTEL Inc. (OTC: IQST) now has modified that product and made it a Smart Manager platform for the refill of a wide variety of beverages — from beer and milk to gases and chemical products. It is now being marketed in multiple countries and eyed for expansion in the future to Europe.
iQSTEL, Inc. (OTC: IQST) Expands Network Of Subsidiaries
The parent company owns a 75% stake in blockchain subsidiary itsBchain LLC. iQSTEL Inc. (OTC: IQST) wholly owns Miami-based subsidiary, Etelix.com USA, LLC, an American-based 5G provider of Submarine Fiber Optic Network capacity for internet (4G and 5G). It owns 51% of SwissLink Carrier AG. SwissLink Carrier AG provides international VoIP connectivity worldwide and more. It owns 51% of QGlobal SMS LLC, a U.S.-based company which has international interconnection with Tier 1 SMS aggregators to more than 100 countries worldwide. It has acquired 51% of an Austin, Texas-based SMS U.S.-Mexico Service provider. Most recently, it has acquired IoT Labs Mexico and its star product, the IoT Smart Gas Platform.
Source: Stock Market Press
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