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.

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 worlds population owns a smartphone, changing carriers and maintaining the same number is still processed via an archaic days to weeks 2-party verification system. itsBchains 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 Companys 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 aleading-edge 21stCentury Enhanced Telecommunications Service Provideroffering a wide range ofcloud-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 and domestic VoIP services, SMS exchange for A2P and P2P, Internet of Things (IoT) applications, 4G & 5G international infrastructure connectivity, as well as blockchain-based payment and phone number mobility platforms to international and domestic Tier-1 carrier for VoIP, SMS, and Data.

About Etelix.com USA, LLC:

Etelix.com USA LLCwww.etelix.comis 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 AGwww.swisslink-carrier.comis 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.

About QGlobal SMS LLC.:

QGlobal SMS LLCwww.qglobalsms.comis a 51% owned subsidiary of iQSTEL Inc. QGlobal SMS is a USA based company founded in 2020 specialized in international and domestic SMS termination, with emphasis on the Applications to Person (A2P) and Person to Person (P2P) for Wholesale Carrier Market and Corporate Market in US. QGlobal SMS has commercial presence in Europe, USA and Latin America. QGlobal SMS has robust international interconnection with Tier1 SMS Aggregators, guarantying its customers high quality and low termination rates, over more than 100 countries worldwide.

About itsBchain LLC.:

itsBchainLLCwww.itsBchain.comis a 75% owned subsidiary of iQSTEL Inc. itsBchain is a blockchain technology developer and solution provider, with a strong focus on the telecom sector. The company is the final stage of development of a series of blockchain solutions aimed at using the blockchain ledgerand smart contract solutions to enable more efficiency, quickness in execution and fraud-prevention in the telco industry. Specifically, the company is developing a solution that will enable users and carriers to transfer mobile phone numbers with just a few clicks, allowing users and carriers the ability to transfer retailusers from one mobile carrier to another instantly. Additionally, the company is finalizing a carrier-grade marketplace solution to procure payments between carriers for cross-traffic of VoIP, SMS and data realtime as traffic is crossed between carriers. This marketplace will allow for instant payment settlement as well as the prevention of fraud between carriers.

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.

http://www.iqstel.com;www.swisslink-carrier.com;www.etelix.com;www.qglobalsms.com;www.itsBchain.com

Continue reading here:

iQSTEL, Inc. and itsBchain Announce the Pre-Beta Test of the Blockchain-based Mobile Number Portability and Administration Platform Has Been Released...