iQSTEL Inc.’s Subsidiary itsBchain New Blockchain-Based Payment Solution Software Aims To Virtually Eliminate Fraud
iQSTEL Inc. (OTC: IQST) new blockchain-based payment solution software system blueprint aims to virtually eliminate fraud. The telecom processing industry may handle hundreds of billions of dollars annually, but fraud is a significant issue in the Tier-1 payment processing world. The new software developed by iQSTEL Inc.’s subsidiary itsBchain addresses the fraud issue in a system of blockchain-based Voice, SMS and Data Wholesale Carrier Settlement and Payment Platform.
Blockchain is in the 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.
iQSTEL Inc.’s Subsidiary itsBchain New Blockchain-Based Payment Solution Software Aims To Virtually Eliminate Fraud
Mr. Iglesias, CEO of iQSTEL Inc. (OTC: IQST), said, “Our blockchain-based solution will virtually eliminate fraud, currently an uncontrolled detriment to corporate bottom lines in the Telecom market.” iQSTEL Inc.’s subsidiary itsBchain new blockchain-based payment solution software aims to virtually eliminate fraud.
The new software blueprint is designed to be more efficient for Tier-1 telecoms and offer more transparency and profitability for the large carriers as they process large amounts of dollars per year. Mr. Iglesias 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.
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.”
iQSTEL Inc.’s subsidiary itsBchain Completes Blueprint Of Blockchain-Based Payment Solution Software
iQSTEL Inc. (OTC: IQST) this week acquired a 75% stake of itsBchain, a blockchain solutions provider, with plans to develop telecom blockchain solutions for carrier, corporate and retail markets. itBchain has completed its blockchain-based payment solution software blueprint for Telefonica, Deutsche Telecom and other Tier 1 Carrier Intercepts. iQSTEL Inc.’s subsidiary itsBchain new blockchain-based payment solution software aims to virtually eliminate fraud. It is seen as an ‘uncontrolled detriment” to corporate bottom lines in the telecom industry.
Early Q3 Beta Testing Of New System Seen
It is anticipated that beta testing on the new software processing system will take place as early as Q3 with some of the company’s larger carrier clients. 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.
In a statement, iQSTEL Inc. (OTC: IQST) said, “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. iQSTEL Inc.’s subsidiary itsBchain new blockchain-based payment solution software aims to virtually eliminate fraud.
Mr. Iglesias, CEO of iQSTEL Inc. (OTC: IQST), 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. 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.
Source: Stock Market Press
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