Skip to main content

iQSTEL, Inc. Announces Release of Mobile Number Portability Application (MNPA) Blockchain Platform; Expects To Add $75 Million In New Revenues

iQSTEL, Inc. (OTC Pink: IQST) has launched another cutting-edge service, enhancing its footprint as a leading international services provider in the telecommunication and fintech industry.

On Tuesday, IQST announced that it has released its Mobile Number Portability Application (MNPA) Blockchain Platform, itsBchain. The itsBchain MNPA simplifies transferring mobile network carriers while keeping the same phone number, which generally involves an independent third party and long wait times. On the contrary, itsBchain brings power to the user and network providers alike, allowing users to switch networks independently while retaining their phone number in just three clicks.

The potential of this service cannot be understated. Mobile network operators and their consumers benefit from the MNPA platform's flexibility, cost savings, and security. The service also collaborates with carriers to define how portability will be handled in the smart contract. 

Indeed, keeping the same phone number is crucial to anyone conducting day-to-day business. By eliminating the lengthy headaches of the traditional number migration process, IQST offers an industry-changing solution to customers worldwide.

Moreover, the ability to seamlessly change from one Mobile Network Carrier to another while retaining one's original phone number is an all-around improvement from previous methods. The initial estimate of the MNPA platform as a service (PaaS) market size is $530 million annually, with IQST's itsBchain subsidiary hoping to secure 5% of this market share before 2024. The company's long-term objective is to roll out the MNPA PaaS, or more aptly named Blockchain as a Service (BaaS), to over one billion end users. The MNPA BaaS features smart contract functionality, and thanks to the unique advantages of the Blockchain platform, it keeps end-user information highly secured.

The advantages offered by IQST's Mobile Number Portability Application Blockchain Platform make it a no-brainer over traditional methods of number migration. And this week's launch of the service should bring considerable attention to the company as a result. However, there is much more to the investment opportunity behind IQST.

IQST's Diverse Portfolio will Support Rapid Expansion

Already, iQSTEL is a leading US-based telecommunication and fintech solutions provider that offers clear advantages over competing services. The company currently operates in 13 countries, with its portfolio of services targeting markets such as telecommunications, electric vehicles (EV), liquid fuel distribution, chemicals, and financial services. IQST has 4 operating divisions: Telecom, Technology, Fintech, and Blockchain, and facilitates its B2B and B2C transactions through its subsidiaries Etelix, SwissLink, QGlobal SMS, SMSDirectos, IoT Labs, Global Money One, and itsBchain. 

Also, its diversified target markets provide IQST multiple shots on revenue-generating goals in billion-dollar sectors, and the unique advantages of its offerings could quickly make the company a breakout star across the world.

Innovative Platforms Bringing Revolutionary Solutions

Better still, IQST's ability to offer multiple platforms that improve upon currently available telecom and fintech services is sure to generate substantial user attention. And there's more to come.

In fact, the upcoming June launch of its Visa Debit Card services under the brand name Visa Money One (VIMO) will be another huge milestone for the company. VIMO is a complete banking platform that includes a variety of financial services that go beyond simply a debit card.

These services include banking essentials such as opening a US Bank Account and making a Mobile Wallet payment with the Visa Debit Card.

One of the most exciting aspects of the Visa Money One service is that it will also allow users to buy and sell cryptocurrencies on its platform, taking advantage of the explosive popularity of crypto investment. 

Undoubtedly, cryptocurrencies are here to stay and have received an enormous amount of attention from investors and people who have traditionally never shown interest in the sector. By offering the ability to easily buy and trade crypto on the VIMO platform, IQST has an excellent chance at joining the ranks of other apps that have generated billions by creating a simple method of cryptocurrency investment. 

Further, the accessibility and comprehensive features of the VIMO banking ecosystem could help IQST reach a broader audience than ever, with IQST believing the platform could generate over $128 million in revenues over the next five years. Combined with the new revenue-generating opportunities stemming from the launch of its MNPA, IQST appears well-positioned to maximize new opportunities during the second half of 2021.

Looking Ahead

Now that IQST has completed developments on some of its most important assets, investment consideration at current levels could generate substantial returns. The company's unique combination of industry expertise and innovative technology will help it stand out amongst the pack and earn a loyal customer base. And with IQST planning to expand its current operations in 13 countries to as many as 113 countries, the investment proposition has never looked better. 

Remember, too, IQST has been steadily increasing its revenues quarter over quarter, and the imminent release of its VIMO services is expected to add another $25 million in annual revenues for each of the next three years. 

The most excellent news is that these goals are already in reach. And with multiple catalysts expected to happen this month, June 2021 has the potential to become one of the most transformational moments in IQST's history.


Disclaimers: Hawk Point Media Group, LLC. (Hawk Point Media) is responsible for the production and distribution of this content. Hawk Point Media is not operated by a licensed broker, a dealer, or a registered investment adviser. It should be expressly understood that under no circumstances does any information published herein represent a recommendation to buy or sell a security. Our reports/releases are a commercial advertisement and are for general information purposes ONLY. We are engaged in the business of marketing and advertising companies for monetary compensation. Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. The information made available by Hawk Point Media is not intended to be, nor does it constitute, investment advice or recommendations. The contributors may buy and sell securities before and after any particular article, report and publication. In no event shall Hawk Point Media be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or made available by Hawk Point Media, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information in this video, article, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. Hawk Point Media strongly urges you conduct a complete and independent investigation of the respective companies and consideration of all pertinent risks. Readers are advised to review SEC periodic reports: Forms 10-Q, 10K, Form 8-K, insider reports, Forms 3, 4, 5 Schedule 13D. For some content, Hawk Point Media, its authors, contributors, or its agents, may be compensated for preparing research, video graphics, and editorial content. As part of that content, readers, subscribers, and website viewers, are expected to read the full disclaimers and financial disclosures statement that can be found by clicking HERE.

The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact may be forward looking statements. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements indicating certain actions & quote; may, could, or might occur. Understand there is no guarantee past performance will be indicative of future results.Investing in micro-cap and growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investors investment may be lost or impaired due to the speculative nature of the companies profiled.

Media Contact
Company Name: Hawk Point Media
Contact Person: KL Feigeles
City: Miami Beach
State: Florida
Country: United States

Data & News supplied by
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.