iQSTEL Brings 5 Blockchain Nodes Online, Begins Extensive ‘Live’ 24/7 Simulation of Mobile Number Portability Application Ahead of Beta Launch

NEW YORK, NY, April 22, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- iQSTEL Inc. (OTC: IQST) is pleased to announce the next phase in the Mobile Number Portability App (MNPA) development is underway.

itsBchain has completed the installation of the MNPA software on 5 blockchain nodes. An Artificial Intelligence (AI) system, developed by itsBchain, is currently running human behavior simulations 24 hours a day, 7 days a week, ahead of the Beta release to various Tier-1 (Vodafone, Telefonica, Millicom, etc) and other telco clients.

As noted previously, changing carriers and maintaining the same number is still processed via an archaic ‘days to weeks’ 2-party verification system. itsBchain’s MNPA system will allow for near instant number portability by the client, no longer requiring the telcos to initiate the transfer. According to Statista, the global smartphone user base surpassed the 3 billion mark in Feb of this year with over 500 mobile network operators according to Telecoms Networks.

“itsBchain programmers have seen fantastic results from the ongoing testing feedback. This is a ‘full on’ stress test of the complete system using internally developed AI ‘human behavior’ code,” commented Mr. Iglesias, iQSTEL´s CEO. “Due to Latin America’s accelerated mobile market growth rate, itsBchain is using the Colombian Mobile Telecommunications market as the initial AI systems market simulation.”

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 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.