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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 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- iQSTEL Inc. (OTC: IQST), in conjunction with its recently acquired subsidiary ItsBchain,
About this update from Iqstel Inc.
[{"type":"text","content":"NEW YORK, NY, March 25, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- iQSTEL Inc. (OTC: 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.\n 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. (OTC: 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...