iQSTEL Inc. Applies Blockchain Technology To Disrupt And Offer Enhanced 21st Century Tel-ecommunications Speed And Innovation
iQSTEL Inc.’s (OTC: IQST) ownership of 75% of subsidiary itsBchain LLC enables it to disrupt and bring the industry into the 21st Century by applying blockchain to numerous technologies within the industry. Through itsBchain LLC, iQSTEL Inc. (OTC: IQST) offers a Mobile Number Portability App (MNPA). The blockchain and artificial intelligence (AI) driven MNPA enables mobile phone users to quickly and securely make a porting change to a new provider while keeping the same number. It also offers a new blockchain protocol platform for international long distance (ILD Wholesale) from experience by wholly-owned and Miami-based subsidiary Etelix in the ILD wholesale market. Finally, it has transformed global payment settlements by blockchain to speed payments and mitigate fraud.
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), Nokia Corporation (NYSE: NOK), Liberty Global (NASDAQ: LBTYA), Vodafone Group PLC (NASDAQ: VOD), 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) and DISH Network Corporation (NASDAQ: DISH).
iQSTEL Inc. (OTC: IQST) Applies Blockchain Technology To Disrupt And Offer Enhanced 21st Century Telecommunications Speed And Innovation
Utilizing blockchain, iQSTEL (OTC: IQST) is revolutionizing international payment processing transactions and other activities. Its 75% owned itBchain LLC subsidiary, a blockchain solutions company, is changing telecommunications with its mobile portability innovation by making the act of consumers of switching carriers while keeping a number intact is now much simpler and quicker. This is especially attractive in a telecommunications industry which has seen large mega-mergers which can trigger the desire of consumers to switch carriers while keeping a number intact. Instead of weeks, the change can be made securely in just three steps quickly.
iQSTEL’s (OTC: IQST) itsBchain LLC subsidiary’s new 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. The blockchain and artificial intelligence (AI) driven MNPA enables mobile phone users to quickly and securely make a porting change to a new provider while keeping the same number. 5G innovation may mean many 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. iQSTEL Inc. (OTC: IQST) Applies Blockchain Technology To Disrupt And Offer Enhanced 21st Century Telecommunications Speed And Innovation.
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: a shortened receivables timeframe and fraud mitigation, even after a transaction is completed.
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. iQSTEL Inc. (OTC: IQST) Applies Blockchain Technology To Disrupt And Offer Enhanced 21st Century Telecommunications Speed And Innovation.
iQSTEL Inc.’s (OTC: IQST) Blockchain Protocol For International Long Distance
iQSTEL Inc. (OTC: IQST) has also developed the new blockchain protocol platform for international long distance (ILD Wholesale) from experience by wholly-owned and Miami-based subsidiary Etelix in the ILD wholesale market. The new international payment program saves time, reduces costs, and saves fees due to real time settlements deemed as ‘cash’ payments. Risk is designed to be reduced in this real time settlement platform, which uses iQSTEL ‘tokens’ for payments among operators. iQSTEL (OTC: IQST) developing a payment blockchain platform for international long distance telecommunications with iQSTEL ‘tokens’.
iQSTEL Inc. (OTC: IQST) Applies General Ledger Technology
Blockchain offers quicker payment processing, accurate smart-contract and general ledger transparency and cost-savings due to the elimination of third party records. The remaining matter is fraud mitigation — a serious issue in these large transactions within the blockchain ecosystem. Blockchain’s technical ledgers and smart contracts offer efficiency and transparency in international payment processing. iQSTEL Inc.’s (OTC: IQST) itsBchain is applying that technology to speed up global processing of receivables and virtually eliminate fraud in these transactions. iQSTEL Inc. (OTC: IQST) Applies Blockchain Technology To Disrupt And Offer Enhanced 21st Century Telecommunications Speed And Innovation.
iQSTEL, Inc. (OTC: IQST) Acquires Remote Monitoring Technology
iQSTEL, Inc. (OTC: IQST) recently acquired and announced it planned to extend the remote monitoring of IoT Labs Mexico’s (IoT Labs Mx SAPI) IoT ‘Smart Gas Platform.’ It planned to expand the remote monitoring technology of LP gas tanks in real-time to general storage tanks, including gasoline, beverage, water and more. Through a SmartPhone app, tank owners can monitor real-time storage levels through a radio signal and/or cellular connection. iQSTEL, Inc. (OTC: IQST) also plans to commercialize the patent pending product throughout Mexico, Latin America and later to Europe and Canada.
iQSTEL (OTC: IQST) Seeing Business Plan Unfold With ‘Stellar Results’
Mr. Iglesias, CEO of iQSTEL (OTC: IQST), said, “Our core organic business has seen a 39% YOY revenue growth based on a combination of new client acquisitions and cross-selling our new European interconnections to our existing carrier network. We are thrilled to see our business plan unfolding with such stellar results. The ramp up of the interconnections agreement with our recently acquired QGlobal SMS, and later in the year with itsBchain’s blockchain payment platform, will further enhance our ability to cross-sell ‘in-house’ and expand across Europe.
iQSTEL (OTC: IQST) is a 21st century enhanced telecommunications service provider offering a wide range of cloud-based services. It offers 5G and blockchain solutions to carriers in the enterprise, international, domestic and retail markets. Its other features include VoIP series, SMS exchange for A2P and P2P, Internet of Things (IoT) applications, 4G and 5G international infrastructure connectivity and blockchain-based payment and phone number mobility platforms.
Mr. Iglesias, CEO of iQSTEL Inc. (OTC: IQST), said, “Our strategy at iQSTEL is to build a very strong portfolio of high tech solutions: Domestic and International Long Distance (VoIP), SMS service provider (A2P & P2P), 4G and 5G international fiber-optic connectivity, Internet of Things (IoT) Applications and Blockchain-based platform applications We are preparing iQSTEL for an expansive 2020 outlook and beyond.”
Disrupting The Global Banking Industry
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.
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.
Source: Stock Market Press
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