IQST - iQSTEL Targets $530 Million Mobile Number Portability Market With Launch Of New Blockchain Application (Video)
June 08 2021 - 10:08AM
InvestorsHub NewsWire
New York, NY -- June 8,
2021 -- InvestorsHub NewsWire -- iQSTEL, Inc. (USOTC:
IQST) today announced the launch of its Mobile Number
Portability Application (MNPA) Blockchain
Platform.
The MNPA
allows a Mobile End User to easily and quickly change form one
Mobile Network Carrier to another in just 3 clicks. No days
long dealing with a service provider
anymore.
iQSTEL's MNPA
is anticipated to be an industry gamechanger as it allows Mobile
Users to seamlessly change from one Mobile Network Carrier to
another.
The initial
estimation of the MNPA Platform as a Service (PaaS) market size is
approximately $530 million annually. iQSTEL's
ItsBchain subsidiary is targeting a 5% MNPA market capture within
the next three years.
The Company’s
long-term goal is to implement the MNPA PaaS, or as we like to say,
Blockchain as a Service (BaaS), with over one billion end
users.
Our MNPA BaaS
will include smart contract functionality and as part of the
Blockchain platform, our MNPA will also include a high degree of
protection for end user
information.
The MNPA is a
product of iQSTEL's Blockchain platform development subsidiary,
ItsBchain (www.itsBchain.com).
As we prepare
to rollout the MPNA service, we want to
thank www.Cynopia.com for
all your support and professional work in the development of all
iQSTEL - Blockchain
platforms.
About iQSTEL
Inc.:
iQSTEL Inc (OTC:
IQST) (www.iQSTEL.com)
is a US-based publicly-listed company offering leading-edge
Telecommunication, Technology and Fintech Services for Global
Markets, with presence in 13 countries. The company provides
services to the Telecommunications, Electric Vehicle (EV),
Liquid Fuel Distribution, Chemical and Financial Services
Industries. iQSTEL has 4 Business Divisions: Telecom, Technology,
Fintech and Blockchain, with worldwide B2B and B2C customer
relations operating through its subsidiaries: Etelix, SwissLink,
QGlobal SMS, SMSDirectos, IoT Labs, Global Money One and itsBchain.
The Company has an extensive portfolio of products and services for
its clients: SMS, VoIP, 4G & 5G international infrastructure
connectivity, Cloud-PBX, OmniChannel Marketing, IoT Smart Electric
Vehicle Platform, iQ Batteries for Electric Vehicles, IoT Smart Gas
Platform, IoT Smart Tank Platform, Visa Debit Card, Money
Remittance, Mobile Number Portability Application MNPA (Blockchain
Platform) and Settlement & Payments Marketplace (Blockchain
Platform).
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
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