Business
IQST – iQSTEL Announces Application for Dual Listing on Upstream
New York, NY, Nov. 07, 2022 (GLOBE NEWSWIRE) -- iQSTEL, Inc. (OTCQX: IQST) (https://www.iqstel.com/), a rapidly growing global telecommunications firm
About this update from Iqstel Inc.
[{"type":"text","content":"New York, NY, Nov. 07, 2022 (GLOBE NEWSWIRE) -- iQSTEL, Inc. (OTCQX: IQST) (https://www.iqstel.com/), a rapidly growing global telecommunications firm diversifying into an expanding array of innovative products and services through its four operating divisions, Telecom, Fintech, Blockchain, and Electric Vehicles, today announced that it has begun the application process to dual list its shares on Upstream, the revolutionary trading app for digital securities and NFTs powered by Horizon Fintex (\"Horizon\") and MERJ Exchange Limited (\"MERJ\"). The planned dual listing on Upstream is designed to provide iQSTEL the opportunity to access a global, digital-first investor base that can trade using USDC digital currency along with credit, debit, PayPal, and USD, unlocking liquidity and enhancing price discovery while globalizing the opportunity to invest in OTCQX-quoted iQSTEL. Commenting on the application to list on Upstream, Leandro Iglesias, Chief Executive Officer of iQSTEL, said, \"We encourage shareholders to learn more about Upstream in order to fully appreciate the value of iQSTEL’s dual listing on Upstream. We believe the dual listing will build shareholder value and liquidity by making iQSTEL investment available to a broader range of global investors trading with a broader range of investment tools to include USDC digital currency, credit, debit, PayPal, and USD. These tools will also be available to existing iQSTEL shareholders that signup for an Upstream account. We furthermore believe the experience gained through Upstream application process will contribute to our intended future up-listing to NASDAQ.” Approval to be listed on Upstream is subject to acceptance by MERJ. However, as an existing OTCQX company, the standards to which iQSTEL currently adheres are sufficient to comply with MERJ Listing Rules, including but not limited to disclosure, filing and notification requirements. Once approved for Upstream Dual Listing, IQST shareholders of record will be able to install the Upstream App and complete a simple KYC / AML check. If a shareholder elects to have their shares transferred from their existing broker dealer to Upstream, the process to instruct the transfer agent of this will begin. Once the transaction is approved, the shares will reflect as “sell only” on the Upstream App (if the shareholder resides in either...