iQSTEL’s Subsidiary itsBchain Reaches Preliminary Agreement With Cynopia for Next Phase of Blockchain-based Settlement and Payment Marketplace Platform

NEW YORK, NY, June 29, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – iQSTEL Inc. (OTC: IQST), a leading-edge 21st Century Enhanced Telecommunications Service Provider, is pleased to announce the next phase of our blockchain-based Settlement and Payment Marketplace platform has begun. Cynopia LTD, a London, UK firm, will be providing consulting and development services for this platform.

Cynopia LTD (https://www.cynopia.com/) is led by Francesco Fiacchi, formerly VP and Director of Mobile VAS WAU Movil (30+ carriers directly connected), business developer for Inspired Broadcast in the UK, and financial consultant for Deloitte, with 25 years experience in IT and Telecom industries. His Linkedin profile: https://www.linkedin.com/in/francescofiacchi/  

Mr. Fiacchi comments: “We are really proud to be part of itsBchain’s blockchain projects. We recently completed several Blockchain development ventures related to the cryptocurrency industry, and we look forward to challenging ourselves and bringing our extensive Blockchain and Artificial Intelligence (AI) knowledge and experience to itsBchain.”

“The blueprint for our Settlement and Payment Marketplace platform has been completed and we look forward to working with Cynopia and Francesco Fiacchi to bring about the production platform. Their expertise in Blockchain and AI complements our goals perfectly. Our estimated ‘go live’ date is sometime in Q1 of 2021,” Mr. Iglesias concluded.

About iQSTEL Inc.:

iQSTEL Inc (OTC: IQST) www.iQSTEL.com  is a US-based publicly listed company offering leading-edge 21st Century Enhanced Telecommunications Services with a focus on a wide range of cloud-based enhanced services to the Tier-1 and Tier-2 carriers, corporate, enterprise, as well as the retail market. iQSTEL through its subsidiaries Etelix, SwissLink, QGlobal SMS, SMSDirectos, IoT Labs, IoT Smart Gas Platform, itsBchain offers a "one-stop-shopping” for international and domestic VoIP services, IP-PBX services, SMS exchange for A2P and P2P, OmniChannel Marketing, Internet of Things (IoT) applications (IoT Smart Gas Platform), 4G & 5G international infrastructure connectivity, as well as blockchain-based platforms: Mobile Number Portability Application (MNPA) and Settlement & Payments Marketplace for VoIP, SMS and Data.