IQST - iQSTEL Prepares To Launch Mobile Number Portability Application Blockchain Platform

NEW YORK, May 3, 2021 /PRNewswire/ -- iQSTEL, Inc. (USOTC: IQST) today announced completing the backend development for the Mobile Number Portability Application (MPNA) Blockchain Platform. The Platform has been fully tested and is ready to go.

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 $260 million annually. iQSTEL's ItsBchain subsidiary is targeting a 10% 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. 

We are working on the marketing material now in preparation for the market launch of the MPNA service. The market launch is slightly delayed (2-3 weeks) from the original April target launch date due to project execution issues resulting from the impact of the Covid-19 crisis in India.

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.

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iQSTEL Inc.
IR US Phone: +1-646-740-0907, IR Email: investors@iqstel.com
iQSTEL Inc. and its subsidiaries: www.iqstel.com 

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SOURCE iQSTEL, Inc.