Blockchain Payment Solution Software From iQSTEL Inc.’s Subsidiary itsBchain Will Mitigate Global Fraud

iQSTEL Inc.’s (OTC: IQST) subsidiary, blockchain solutions provider itsBchain, 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 timeframe from 35-40 days currently to as little as one day. 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 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), Sprint (NYSE: S) 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 Payment Solution Software From iQSTEL Inc.’s Subsidiary itsBchain Will Mitigate Global Fraud

iQSTEL Inc. (OTC: IQST) this week acquired a 75% stake of itsBchain, which has completed its blockchain-based payment solution software blueprint of 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. Blockchain payment solution software from iQSTEL Inc.’s subsidiary itsBchain will mitigate global fraud.

From The Dark Ages To The 21st Century

Blockchain is disrupting numerous industries including global banking. New technical ledgers and smart contracts offer efficiency and transparency in international payment processing. Now, iQSTEL Inc.’s (OTC: IQST) 75% owned subsidiary itsBchain is applying that technology to speed up global processing of receivables and virtually eliminate fraud in these transactions. 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.

Beta Testing Anticipated As Early As Q3

Mr. Iglesias, CEO 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 istBchain is to be the first blockchain solution for this market, dramatically reducing the receivables time frame to as little as a day.”

He said he anticipates early Q3 delivery for beta testing the payment solutions platform with some of the company’s largest carrier clients, such as Telefonica (Spain and Latin America), Millicom (Tigo brand for Latin America), Telecom Italia and Deutsche Telecom. Blockchain payment solution software from iQSTEL Inc.’s subsidiary itsBchain will mitigate global fraud.

The Payment System Is Designed To Bring Transparency, Efficiency And Increased Profits

Further, Mr. Iglesias said that another important element of this blockchain-based payment solution software blueprint is fraud prevention. He added, “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.”

iQSTEL Inc. Buys 75% of itsBchain Blockchain Solutions Provider, Plans To Develop Telecom Blockchain Solutions For Carrier, Corporate and Retail Markets

iQSTEL Inc. (OTC: IQST) completed its acquisition of a 75% stake of itsBchain and Mr. Iglesias, CEO of iQSTEL, said itsBchain is uniquely position to develop telecom applications based on smart contracts and blockchain technologies. Mobile number portability and carrier wholesale VoIP, SMS and Data payment solutions are just some of the projects itsBchain has under development. We believe the synergy between our subsidiaries, as well as our existing clientele, will greatly benefit from this new acquisition, he said.

In addition to itsBchain, QSTEL Inc. (OTC: IQST) wholly owns subsidiary, Etelix, an American based 5G provider of Submarine Fiber Optic Network capacity for internet (4G and 5G). It also holds 51% of SwissLink Carrier AG. SwissLink Carrier AG which provides international VoIP connectivity worldwide and more.

Mr. Iglesias Invited For Interview March 25 At NASDAQ Marketsite In Times Square, New York

Mr. Iglesias has been invited for an interview March 25 at NASDAQ Marketsite in Times Square, New York, to discuss the company’s performance and its future plans. It is growing its capabilities with numerous subsidiaries. QSTEL Inc. (OTC: IQST) plans to develop telecom blockchain applications for the carrier, corporate and retail markets.

Source: Stock Market Press

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