iQSTEL, Inc. and itsBchain Announce the Pre-Beta Test of the Blockchain-based Mobile Number Portability and Administration Platform Has Been Released

NEW YORK, NY -- March 25, 2020 -- InvestorsHub NewsWire -- iQSTEL Inc. (IQST), in conjunction with its recently acquired subsidiary ItsBchain, is pleased to announce the Pre-Beta test release of the blockchain-based mobile number portability and administration platform.

Smartphone shipments worldwide are projected to add up to around 1.7 billion units in 2020. By 2021, 40 percent of the world's population is projected to own a smartphone according to Statista.com. Global smartphone sales reached $522 billion in 2018. Claiming a 44 percent share smartphones, mobile phones and wearables are still the powerhouse in the $1.2 trillion technical consumer goods (TCG) market as GfK research noted.

While almost 40% of the world’s population owns a smartphone, changing carriers and maintaining the same number is still processed via an archaic ‘days to weeks’ 2-party verification system. itsBchain’s developed mobile number portability application will allow the client to switch carriers in as little as 3 clicks, reducing the mobile number porting to mere minutes. The platform brings about an unprecedented level of transparency and security to the market using a combination of mobile applications with smart contracts and blockchain technology.

Mr. Iglesias, the Company’s CEO, commented, “We are very pleased with the rapid development and completion of the Alpha-testing phase. Our intimate knowledge of the industry along with extensive client and consumer discussions, brought about this highly in-demand platform. The blockchain-based platform is just the first of multiple platforms itsBchain and iQSTEL are working on to bring the telecommunications market into the 21st Century. We plan to offer this mobile application and blockchain platform to our current customers, the largest mobile operators in the word, as Vodafone, Telefonica, Millicom, among others.”

About iQSTEL Inc.:

iQSTEL Inc. (IQST) www.iQSTEL.com is a Publicly Listed Company in US. iQSTEL is a leading-edge 21st Century Enhanced Telecommunications Service Provider offering a wide range of cloud-based enhanced services to the Tier-1 and Tier-2 carriers, enterprise market, as well as the retail market. iQSTEL through its subsidiaries (www.etelix.com ; www.SwissLink-Carrier.com ; www.QglobalSMS.com ; www.itsBchain.com) offers a “one-stop-shop” for international and domestic VoIP services, SMS exchange for A2P and P2P, Internet of Things (IoT) applications, 4G & 5G international infrastructure connectivity, as well as blockchain-based payment and phone number mobility platforms to international and domestic Tier-1 carrier for VoIP, SMS, and Data.

About Etelix.com USA, LLC:

Etelix.com USA LLC www.etelix.com is 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 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 Europe, USA and Latin America. 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.

iQSTEL Inc.
IR US Phone: 646-740-0907, IR Email: investors@iqstel.com
Source: iQSTEL Inc.
www.iqstel.com ; www.swisslink-carrier.com ; www.etelix.com ; www.qglobalsms.com ; www.itsBchain.com