iQSTEL Inc. Subsidiary itsBchain Estimates Its Blockchain Based Settlement Platform Will ‘Go Live’ By Q1 2021, Reaches Agreement For Cynopia LTD of London To Consult And Provide Development Services
iQSTEL Inc. (OTC: IQST) subsidiary itsBchain announced today (June 29, 2020) it has entered the next phase of its Settlement and Payment Marketing Platform and Mr. Iglesias, CEO, estimated the program will ‘go live’ sometime in Q1 of 2021. itsBchain has reached preliminary agreement with Cynopia LTD. of London to provide consulting and development services for the platform. iQSTEL Inc. (OTC: IQST) is bringing 21st Century enhanced services to the telecommunications industry such as blockchain, Internet of Things (IoT) and Artificial Intelligence (AI) services. Its international payments/settlements innovative apps offer greater speed, real time transactions plus it mitigates fraud and provides greater transparency for all parties.
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iQSTEL Inc. (OTC: iQST) Subsidiary itsBchain Estimates Its Blockchain Based Settlement Platform Will ‘Go Live’ By Q1 2021, Reaches Agreement For Cynopia LTD of London To Consult And Provide Development Services
Francesco Fiacchi, president of Cynopia LTD., said, “We are really proud to be part of itsBchain’s blockchain projects. We recently completed several Blockchain development ventures related to the cryptocurrency industry, and we look forward to challenging ourselves and bringing our extensive Blockchain and Artificial Intelligence (AI) knowledge and experience to itsBchain.”
Mr. Fiacchi’s extensive experience as an IT and Telecom Industries and financial consultant for Deloitte, business developer for Inspired Broadcast in the U.K. and former VP and Director of Mobile VAS WAU Movil (30+ carriers directly connected) experience is detailed in his Linkedin profile. iQSTEL Inc. (OTC: iQST) Subsidiary itsBchain Estimates Its Blockchain Based Settlement Platform Will ‘Go Live’ By Q1 2021, Reaches Agreement For Cynopia LTD of London To Consult And Provide Development Services.
‘Go Live’ Date Is Sometime In Q1 2021
Mr. Iglesias, CEO of iQSTEL Inc. (OTC: iQST), said “The blueprint for our Settlement and Payment Marketplace platform has been completed and we look forward to working with Cynopia and Francesco Fiacchi to bring about the production platform. Their expertise in Blockchain and AI complements our goals perfectly. Our estimated ‘go live’ date is sometime in Q1 of 2021.”
iQSTEL Inc. (OTC: iQST) Brings Blockchain Innovation And 21st Century Services To Global Telecommunications Industry
Leandro Iglesias, CEO of iQSTEL Inc. (OTC: IQST), heads a team that utilizes Blockchain, Internet of Things (IoT), AI and a range of services. They include: VoIP, SMS, 5G, blockchain based platforms and Internet of Things (IoT). iQSTEL Inc. (OTC: iQST) Subsidiary itsBchain Estimates Its Blockchain Based Settlement Platform Will ‘Go Live’ By Q1 2021, Reaches Agreement For Cynopia LTD of London To Consult And Provide Development Services.
The Impact Of itsBchain LLC Subsidiary
Leandro Iglesias, CEO of iQSTEL Inc. (OTC: IQST), said that the Company’s 75%-owned subsidiary blockchain solutions provider itsBchain LLC is developing two key services for the global telecommunications market. The first one is a platform enabling quick mobile number portability app (MNPA) for consumers who wish to change networks while keeping the same number. Second, is an industry disrupting secure and fast international payments/settlements platform that quickly makes in real time transactions online that reduce cost and simplify commercial transactions. Both are projected as industry-leading, long term revenue stream providers, Iglesias said.
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. iQSTEL Inc. (OTC: iQST) Subsidiary itsBchain Estimates Its Blockchain Based Settlement Platform Will ‘Go Live’ By Q1 2021, Reaches Agreement For Cynopia LTD of London To Consult And Provide Development Services.
iQSTEL Inc. (OTC: IQST) acquired a 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. Most recently, it has acquired IoT Labs Mexico and its star product, the IoT Smart Gas Platform.
Source: Stock Market Press
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