iQSTEL Announces Phase 1 Smart
Contract Development for itsBchain’s Blockchain-Based Settlement
and Payment Marketplace Platform on Track for Q1 2021 ‘Go
Live’
New York, NY -- September 23, 2020 -- InvestorsHub NewsWire --
iQSTEL Inc. (OTC:
IQST), a leading-edge 21st Century Enhanced Telecommunications
Service Provider, is pleased to report major progress continues
with subsidiary itsBchain’s blockchain-based Settlement and
Payment Marketplace Platform.
Cynopia developers having completed the initial blueprint phase
of the Settlement and Payment Marketplace Platform are knee deep in
Phase 1 which includes the smart contracts and preliminary clearing
house for the platform. Once completed, the platform will go live
concurrent with Phase 2 development ramp up.
“We are pleased to report that Cynopia and itsBchain are on
track for a Q1 2021 release time frame. Progress has been
impressive and we are thrilled to bring such a game changing
platform to the telecommunications industry,” Mr. Iglesias,
iQSTEL's CEO, stated.
Cynopia LTD www.cynopia.com an UK based
company is led by Francesco Fiacchi, formerly VP and Director of
Mobile VAS WAU Movil (30+ carriers directly connected), business
developer for Inspired Broadcast in the UK, and financial
consultant for Deloitte, with 25 years’ experience in IT and
Telecom industries. His Linkedin profile: https://www.linkedin.com/in/francescofiacchi/
Previous itsBchain blockchain-based Settlement and Payment
Marketplace Platform PR:
https://www.globenewswire.com/news-release/2020/06/29/2054508/0/en/iQSTEL-s-Subsidiary-itsBchain-Reaches-Preliminary-Agreement-With-Cynopia-for-Next-Phase-of-Blockchain-based-Settlement-and-Payment-Marketplace-Platform.html
About iQSTEL Inc.:
iQSTEL Inc (OTC:
IQST) www.iQSTEL.com is a
US-based publicly listed company offering leading-edge
21st Century Enhanced Telecommunications Services with a focus
on a wide range of cloud-based enhanced services to the Tier-1 and
Tier-2 carriers, corporate, enterprise, as well as the retail
market. iQSTEL through its subsidiaries Etelix, SwissLink, QGlobal
SMS, SMSDirectos, IoT Labs, IoT Smart Gas Platform, itsBchain
offers a "one-stop-shopping” for international and domestic VoIP
services, IP-PBX services, SMS exchange for A2P and P2P,
OmniChannel Marketing, Internet of Things (IoT) applications (IoT
Smart Gas Platform), 4G & 5G international infrastructure
connectivity, as well as blockchain-based platforms: Mobile Number
Portability Application (MNPA) and Settlement & Payments
Marketplace for VoIP, SMS and Data.
About Etelix.com USA, LLC:
Etelix.com USA LLC www.etelix.com is a wholly owned
subsidiary of iQSTEL Inc. Etelix.com USA, LLC is a Miami,
Florida-based international telecom carrier founded in 2008 that
provides telecom and technology solutions worldwide, with
commercial presence in North America, Latin America, and Europe.
Enabled by its 214-license granted by the Federal Communications
Commission (FCC), Etelix provides International Long-Distance voice
services for Telecommunications Operators (ILD Wholesale), and
Submarine Fiber Optic Network capacity for internet (4G and 5G).
Etelix was founded in 2008 and has been profitable since
inception.
About SwissLink Carrier AG:
SwissLink Carrier AG www.swisslink-carrier.com is a
51% owned subsidiary of iQSTEL Inc. SwissLink Carrier AG is a
Switzerland based international Telecommunications Carrier founded
in 2015 providing international VoIP connectivity worldwide, with
commercial presence in Europe, CIS and Latin America. SwissLink
Carrier AG is a Swiss licensed Operator, having a domestic
Interconnect with Swisscom, allowing their international Carrier
Customers direct terminations via SwissLink into all Switzerland
Fix & Mobile Networks. Since the takeover from Swissphone in
November 2018 and the rename into SwissLink, they operate on a
profitable level.
About QGlobal SMS LLC.:
QGlobal SMS LLC www.qglobalsms.com is a 51% owned
subsidiary of iQSTEL Inc. QGlobal SMS is a USA based company and a
commercial brand founded in 2020 specialized in international and
domestic SMS termination, with emphasis on the Applications to
Person (A2P) and Person to Person (P2P) for Wholesale Carrier
Market and Corporate Market in US. QGlobal SMS has commercial
presence in US, Mexico, Latin America, EMEA (Europe, Middle East,
Asia) and Africa, through our SMS service providers based in
Austin, TX and Miami, FL. Our Austin-based SMS service provider is
specialized in the SMS traffic exchange between US and Mexico, and
our Miami-based SMS service provider is focused in the development
of Latin America and the rest of the world. QGlobal SMS has robust
international interconnection with Tier1 SMS Aggregators,
guarantying its customers high quality and low termination rates,
over more than 100 countries worldwide.
About Alcyon Cloud SMS S.A.S (Commercial
Brand SMSDirectos.com ):
Alcyon Cloud SMS S.A.S. (Commercial Brand SMSDirectos.com), is a whole subsidiary
of QGlobal SMS, a Colombian-based Application and Content Provider.
Alcyon Cloud SMS (SMSDirectos.com) is registered with the Secretary
of Information and Communication Technology (ICT) in Colombia,
offering services to government, enterprises, small and medium
business, as well as end-users. Using SMSDirectos’ existing
network, they plan to expand services from SMS to offer omnichannel
products and services such as: SMS, Emails, RCS (Rich
Communications Services), Social Media Channels (Whats App,
Messenger, etc), WebRTC (Web Real-Time Communication), VoIP
(IP-PBX, SIP Trunking) ChatBots (Artificial Intelligence Based),
SMS to Email, and Email to SMS.
About IoT Labs MX SAPI:
IoT Labs MX SAPI www.iotlabs.mx , a subsidiary of iQSTEL
Inc, is an Internet of Things (IoT) Mexican technology development
company, creator of the “IoT Smart Gas” Platform and Application.
The IoT Smart Gas platform www.iotsmartgas.com consists
of an IoT field device installed on the LP gas tank (adaptable to
virtually any gas or liquid storage tank) and, thanks to the
Internet of Things (IoT) technology via Sigfox or GSM network
connectivity, allows remote managed and improved logistic processes
of refilling, usage tracking and tank monitoring in real-time by
the Smart Gas mobile app. The new GSM tracking feature allows for
mobile use including ground, air, and sea tank monitoring.
About itsBchain LLC.:
itsBchain LLC www.itsBchain.com is a 75% owned
subsidiary of iQSTEL Inc. itsBchain is a blockchain technology
developer and solution provider, with a strong focus on the telecom
sector. The company is the final stage of development of a
series of blockchain solutions aimed at using the blockchain
ledger and smart contract solutions to enable more efficiency,
quickness in execution and fraud-prevention in the telco
industry. Specifically, the company is developing a solution
that will enable users and carriers to transfer mobile phone
numbers with just a few clicks, allowing users and carriers the
ability to transfer retail users from one mobile carrier to
another instantly. Additionally, the company is finalizing a
carrier-grade marketplace solution to procure payments between
carriers for cross-traffic of VoIP, SMS and data realtime as
traffic is crossed between carriers. This marketplace will
allow for instant payment settlement as well as the prevention of
fraud between carriers.
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 iQSTEL Inc. undertakes no obligation to update any
forward-looking statement to reflect events or circumstances after
the date of this news release.
iQSTEL Inc.
IR US Phone: 646-740-0907, IR Email: investors@iqstel.com
Source: iQSTEL Inc. and its subsidiaries:
www.iqstel.com ; www.etelix.com ; www.swisslink-carrier.com ; www.qglobalsms.com ; www.smsdirectos.com ; www.iotlabs.mx ; www.iotsmartgas.com ; www.itsBchain.com
iQSTEL (QX) (USOTC:IQST)
Historical Stock Chart
From Aug 2024 to Sep 2024
iQSTEL (QX) (USOTC:IQST)
Historical Stock Chart
From Sep 2023 to Sep 2024