iQSTEL Inc.’s Subsidiary itsBchain New Blockchain-Based Payment Solution Software Is De-signed To Cut Receivables Time
iQSTEL Inc. (OTC: IQST) new blockchain-based payment solution software is addressing a key issue in the telecom Tier-1 payment processing world: receivables lead times. Currently, these are 35-40 days in a carrier interconnection market that is worth hundreds of billion dollars per year, the company said. The new software developed by iQSTEL Inc.’s subsidiary itsBchain is designed to introduce an efficient time frame of as little as one day. iQSTEL Inc. (OTC: IQST) says it will turn the processing world ‘upside down’ and bring the industry into the 21st century.
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 Is Designed To Cut Receivables Time
The new software is designed to be more efficient for Tier-1 telecoms and speed up processing dramatically. Such an innovation would impact the telecom industry and its large, global processing activity.
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 added that he anticipated 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) acquisition of a 75% stake of itsBchain, a blockchain solutions provider, developed its plans to develop telecom blockchain solutions for carrier, corporate and retail markets. itBchain in turn has completed its blockchain-based payment solution software blueprint of Telefonica, Deutsche Telecom and other Tier 1 Carrier Intercepts. iQSTEL Inc.’s subsidiary itsBchain new blockchain-based payment solution software is designed to cut receivables time. The result would be sharply reduced receivables lead times, more profits and transparency.
Early Q3 Beta Testing Of New System Seen
It is anticipated that beta testing on the new software processing system will take place in early 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. iQSTEL Inc.’s subsidiary itsBchain new blockchain-based payment solution software is designed to cut receivables time.
In a statement, 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.
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. 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
Join Stock Market Press’ newsletter for the latest in IPO, market commentary and company profiles.
Stock Market Press is a financial news company that delivers up to date stock news, introduces private and public companies to a wide audience of investors, consumers, journalists and the general public via social media and a rapidly expanding network.
Stock Market Press
110 Wall St.
New York, NY 10005 email@example.com
Safe Harbor Statement: Statements in this news release may be ”forward-looking statements.” Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions or any other statements relating to our future activities or other future events or conditions. These statements are based on current expectations, estimates and projections about our business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and are likely to, differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Any forward-looking statements speak only as of the date of this news release and Stock Market Press undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this news release.
See Stock Market Press disclaimer: https://stockmarketpress.com/disclaimer/ SOURCE: Stock Market Press