iQSTEL Announces the Completion by itsBchain of Its Blockchain-based Payment Solution Software Blueprint
February 26 2020 - 7:15AM
InvestorsHub NewsWire
iQSTEL Announces the Completion by
itsBchain of Its Blockchain-based Payment Solution Software
Blueprint for Telefonica, Deutsche Telecom and Other Tier 1 Carrier
Interconnects
NEW YORK, NY -- February 26, 2020 -- InvestorsHub NewsWire --
iQSTEL Inc. (IQST)
today announced the software blueprint for its blockchain-based
Voice, SMS, and Data Wholesale Carrier Settlement and Payment
Platform is complete.
Blockchain technology is turning the payment processing world
upside down. Rapid processing with fraud mitigation all in one
forensic friendly system. It will drive the Telecom market out of
the dark ages and into the 21st century.
Mr. Iglesias, the Company’s CEO, stated: “We are very pleased with
the speed at which this software blueprint has been completed by
itsBchain. Final assembly of the payment solutions platform has
begun with the anticipation of an early Q3 delivery for beta
testing. We already anticipate beta testing to begin with some of
our biggest carrier clients such as Telefonica (Spain and Latin
America), Millicom (Tigo brand for Latin America), Telecom Italia
and Deutsche Telecom.”
“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 itsBchain is to be the first
blockchain solution for this market, dramatically reducing the
receivables time frame to as little as a day. In addition, our
blockchain-based solution will virtually eliminate fraud, currently
an uncontrolled detriment to corporate bottom lines in the Telecom
market. 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.
This is one of the biggest opportunities currently in the telco
industry worldwide,” concluded Mr. Iglesias, the Company’s
CEO.
About iQSTEL Inc.:
iQSTEL (IQST) www.iQSTEL.com is
a technology company offering a wide array of services to the
Telecommunications Industry. These include services to
International Long-Distance Telecommunications Operators (ILD
Wholesale), Retail and Corporate markets (ILD Retail), Submarine
Fiber Optic Network capacity, Satellite Communications services,
Mobile Virtual Network Operator (MVNO) services, Internet of Things
(IoT) technology solutions, Data Center facilities capacity
leasing, and Blockchain solutions for the Telecommunications
industry.
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.
iQSTEL
Inc.
IR US Phone: 646-740-0907,
IREmail:investors@iqstel.com
Source: iQSTEL
Inc.
www.iqstel.com; www.swisslink-carrier.com; www.etelix.comand www.qglobalsms.com
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