Apr 03, 2020 (Stock Market Press via COMTEX) -- iQSTEL Inc. (OTC: IQST) and its 75% owned itsBchain subsidiary are changing telecommunications with their test release of its blockchain-driven mobile number portability and administration platform. It simplifies and shortens the process of smartphone owners who want to switch carriers, while maintaining the same number, from days or weeks to a porting time of only a few minutes. The merger this week between T-Mobile (NASDAQ: TMUS) and Sprint may mean more consumers in the future will want to switch carriers while keeping their numbers.
Blockchain technology is in the news daily. Media companies such as Stock Market Press are reporting on the fast growing blockchain and 5G telecommunications market . It keeps readers up to date on 5G company stocks such as iQSTEL Inc. (OTC: IQST), Motorola Solutions, Inc. (NYSE: MSI), China Mobile Limited (NYSE: CHL),Verizon (NYSE: VZ), AT&T Inc. (NYSE: T), T-Mobile US (NASDAQ: TMUS) and Ericsson (NASDAQ: ERIC), HIVE Blockchain Technologies Ltd. ( /zigman2/quotes/208543683/delayed HVBTF +5.92% and Long Blockchain Corp. /zigman2/quotes/206834681/delayed LBCC -9.09% in 5G and blockchain networks. Also covered are trends by semiconductor manufacturers Qualcomm (NASDAQ: QCOM), Qorvo (NASDAQ: QRVO) and Skyworks Solutions (NASDAQ: SWKS), among others.
iQSTEL Inc. (OTC: IQST) And Subsidiary itsBchain Change Telecommunications With Test Release Of Blockchain-Driven Mobile Number Portability Platform
iQSTEL Inc. (OTC: IQST) And Subsidiary itsBchain is offering a pre-Beta test release of its blockchain-driven mobile number portability and administration platform to its customers the largest mobile operators globally, such as Vodafone, Telefonica, Millicom and others. However, the recent merger of wireless carriers T-Mobile (NASDAQ: TMUS) and Sprint could mean more SmartPhone owners will use the faster platform to switch carriers while maintaining the same number. Now they'll be able to perform this transaction with only a few minutes of porting time. iQSTEL Inc. (OTC: IQST) and subsidiary itsBchain change telecommunications with test release of blockchain-driven mobile number portability platform.
Mega-Merger Could Drive Consumers To Switch Carriers While Keeping The Same Number
The pre-Beta test release is designed to address the issue of how smartphone owners can simplify and shorten the process of changing carriers while retaining the same number. The platform from iQSTEL Inc. (OTC: IQST) and subsidiary itsBchain also offers transparency and security to this transaction, using a combination of mobile applications with smart contracts and blockchain technology.
Smartphone Owners Can Switch Carriers And Maintain Number Quickly With New Platform
Using the iQSTEL Inc. (OTC: IQST) and subsidiary itsBchain pre-Beta test platform, smartphone users will be able to switch carriers and maintain the same number. All this porting is done in a transparent and secure manner in just a matter of minutes. In just three clicks, it enables the porting. Prior, the user had to use an 'archaic' system taking days or weeks employing a two-party verification system. Instead, the iQSTEL Inc. (OTC: IQST) and subsidiary itsBchain's new platform of mobile number portability application porting reduces the timing of this process to mere minutes. iQSTEL Inc. (OTC: IQST) and subsidiary itsBchain change telecommunications with test release of blockchain-driven mobile number portability platform.
Smartphones Seen Reaching 1.7 Billion Units In 2020 And Reaching 40% Of The World's Population By 2021
In a large, global market iQSTEL Inc. (OTC: IQST) and subsidiary itsBchain are introducing the blockchain-driven platform to address the issue of smartphone users who wish to change providers while maintaining the same number. The market of Smartphones is seen as reaching 40% of the global population by 2021, according to projections by research firm Statista -- with worldwide sales attaining 1.7 billion units in 2020. In 2018, this was a $522 billion market, it is estimated. That number accounted for a 44% share -- including smartphones, mobile phones and wearables -- of the $1.2 trillion technical consumer goods (TCG) market, according to GfK research. That $522 billion market is a powerhouse driver of the TCG total.
iQSTEL Inc. (OTC: IQST) and subsidiary itsBchain Planning On Multiple Platforms In The Future
Mr. Iglesias, CEO of iQSTEL Inc., (OTC: IQST) said, "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 world, such as Vodafone, Telefonica, Millicom, among others."
iQSTEL Inc. (OTC: IQST) Boasts Numerous Telecommunications Subsidiaries
iQSTEL Inc. recently purchased a 75% of itsBchain LLC, a blockchain technology solutions provider. It plans to develop telecom blockchain solutions for the carrier, corporate and retail markets. When iQSTEL Inc. (OTC: IQST) completed its purchase of the 75% stake of itsBchain, Mr. Iglesias, CEO of iQSTEL, said, itsBchain is uniquely position to develop telecom applications based on smart contracts and blockchain technologies. Mobile number portability and carrier wholesale VoIP, SMS and Data payment solutions are just two of the projects itsBchain has under development, he said. iQSTEL Inc. (OTC: IQST) and subsidiary itsBchain change telecommunications with test release of blockchain-driven mobile number portability platform.
iQSTEL Inc. (OTC: IQST) Adds To Telecommunications Subsidiaries
In addition to the 75% stake in subsidiary itsBchain LLC, iQSTEL Inc. (OTC: IQST) wholly owns Miami-based subsidiary, Etelix.com USA, LLC, an American-based 5G provider of Submarine Fiber Optic Network capacity for internet (4G and 5G). It owns 51% of SwissLink Carrier AG. SwissLink Carrier AG provides international VoIP connectivity worldwide and more. It also owns 51% of QGlobal SMS LLC, a U.S.-based company which has international interconnection with Tier 1 SMS aggregators to more than 100 countries worldwide.
Source: Stock Market Press
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