Blockchain Is Disrupting International Global Payout Processing, With iQSTEL Inc.’s itsBchain LLC Subsidiary Delivering Speed, Transparency
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: a shortened receivables timeframe and fraud mitigation, even after a transaction is completed.
Blockchain is making news daily. Media companies such as Stock Market Press are reporting on the fast growing blockchain and 5G telecommunications market. It keeps readers up to date on 5G company stocks such as iQSTEL Inc. (OTC: IQST), Motorola Solutions, Inc. (NYSE: MSI), China Mobile Limited (NYSE: CHL),Verizon (NYSE: VZ), AT&T Inc. (NYSE: T), T-Mobile US (NASDAQ: TMUS) and Ericsson (NASDAQ: ERIC), HIVE Blockchain Technologies Ltd. ( (OTC: HVBTF) and Long Blockchain Corp. (OTC: LBCC) in 5G and blockchain networks. Also covered are trends by semiconductor manufacturers Qualcomm (NASDAQ: QCOM), Qorvo (NASDAQ: QRVO) and Skyworks Solutions (NASDAQ: SWKS), among others.
Blockchain Is Disrupting International Global Payout Processing, With iQSTEL Inc.’s (OTC: IQST) itsBchain LLC Subsidiary Delivering Speed, Transparency
Large financial institutions are turning to blockchain for its distributed larger clarity, ‘smart contract’ precise record keeping and distributed ledger detail delivering transparency for all parties. Smart contract-like benefits of blockchain for payment processing — especially international financial transactions — enables all parties to track processing more accurately. Because of this, recent research by The Spiceworks finds that 56% of large enterprises globally plan to adopt blockchain technology by 2020 for transactions, such as international payments. Blockchain Is Disrupting International Global Payout Processing, With iQSTEL Inc.’s (OTC: IQST) itsBchain LLC Subsidiary Delivering Speed, Transparency.
The SpiceWorks research findings report that large international financial institutions are turning to blockchain technology for smart contract-like transparency in providing to all parties visibility of payments. iQSTEL Inc.’s (OTC: IQST) subsidiary itsBchain LLC has developed new blockchain software that delivers speed in collecting receivables in completing these transactions that are less costly. ItsBchain has new software that can virtually eliminate fraud, a critical issue in the large transaction payment processing transactions. Blockchain is also seen by experts as offering digital records to document transactions and, if necessary, not only prevent fraud but play a role in the recovery of stolen monies after the fact — a key added benefit.
iQSTEL Inc.’s (OTC: IQST) Subsidiary itsBchain LLC Shortens Processing Time
iQSTEL Inc.’s (OTC: IQST) itsBchain LLC subsidiary and blockchain solutions provider has completed its blockchain-based payment solution software blueprint which addresses global banking’s issue of international fraud and inefficient receivables timing. It can make fiscal transactions more transparent, virtually eliminate fraud and can shorten the receivables time frame from 35-40 days currently to as little as one day. Blockchain Is Disrupting International Global Payout Processing, With iQSTEL Inc.’s (OTC: IQST) itsBchain LLC Subsidiary Delivering Speed, Transparency
The blueprint is for Voice, SMS and Data Wholesale Carrier Settlement and Payment Platform for Tier 1 Carrier Interconnects such as Telefonica and Deutsche Telecom. Blockchain-driven quick payment solutions between telecom carriers are in demand; iQSTEL Inc.’s subsidiary itsBchain LLC software is fast and mitigates fraud.
itdsBchain Blockchain Software Drives Payment Processing From The Dark Ages Into The 21st Century
Blockchain’s technical ledgers and smart contracts offer efficiency and transparency in international payment processing. iQSTEL Inc.’s (OTC: IQST) 75% owned subsidiary itsBchain LLC is applying that technology to speed up global processing of receivables and virtually eliminate fraud in these transactions. Blockchain Is Disrupting International Global Payout Processing, With iQSTEL Inc.’s (OTC: IQST) itsBchain LLC Subsidiary Delivering Speed, Transparency.
“Turning The Payment Processing World Upside Down”
Mr. Iglesias, CEO of iQSTEL Inc. (OTC: IQST), said, “Blockchain technology is turning the payment processing world upside down. Rapid processing with fraud mitigation all in one forensic friendly system will drive the Telecom market out of the dark ages into the 21st century.” The software blueprint is for its blockchain-based Voice, SMS and Data Wholesale Carrier Settlement and Payment Platform.
The Payment System Is Designed To Bring Transparency, Efficiency And Increased Profits
Mr. Iglesias said, “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.” Blockchain-driven quick payment solutions between telecom carriers in demand; iQSTEL Inc.’s subsidiary itsBchain LLC software is fast and mitigates fraud.
Mr. Iglesias of iQSTEL Inc. (OTC: IQST), said, “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 itsBchain is to be the first blockchain solution for this market, dramatically reducing the receivables time frame to as little as a day.”
itsBchain LLC Positioned To Develop Telecom Applications Based On Blockchain Technologies
iQSTEL Inc. (OTC: IQST) acquired the 75% stake of itsBchain LLC, which has completed its blockchain-based payment solution software blueprint for Telefonica, Deutsche Telecom and other Tier 1 Carrier Intercepts. The significance is that the blockchain technology blueprint software is disrupting the global banking industry and addresses timing and fraud issues of fund processing in the banking and telephonics industries.
Mr. Iglesias said itsBchain LLC has under development a number of projects, including a Mobile Number Portability App (MNPA) — now being tested internationally — and carrier wholesale VoIP, SMS and Data payment solutions. Blockchain-driven quick payment solutions between telecom carriers are in demand due to their speed, accuracy and fraud mitigation.
iQSTEL Inc. (OTC: IQST) Grows Subsidiaries, Expands Regional Impact
In addition to its 75% stake in 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. Last week it acquired 51% of an Austin, Texas-based SMS U.S.-Mexico Service provider. That transaction raised iQSTEL’s annual volume by $29 million. This week its QGlobal SMS subsidiary entered into a preliminary acquisition agreement to buy 100% of the capital stock of Alcyon Cloud SMS S.A.S., parent of commercial brand SMSDirectos.com, based in Colombia.
Source: Stock Market Press
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