iQSTEL Announces Phase 1 Smart Contract Development for itsBchain’s Blockchain-Based Settlement and Payment Marketplace Platform on Track for Q1 2021 ‘Go Live’

New York, NY, Sept. 23, 2020 (GLOBE NEWSWIRE) -- via NewMediaWire -- iQSTEL Inc. (OTC: IQST), a leading-edge 21st Century Enhanced Telecommunications Service Provider, is pleased to report major progress continues with subsidiary itsBchain’s blockchain-based Settlement and Payment Marketplace Platform.

Cynopia developers having completed the initial blueprint phase of the Settlement and Payment Marketplace Platform are knee deep in Phase 1 which includes the smart contracts and preliminary clearing house for the platform. Once completed, the platform will go live concurrent with Phase 2 development ramp up.

“We are pleased to report that Cynopia and itsBchain are on track for a Q1 2021 release time frame. Progress has been impressive and we are thrilled to bring such a game changing platform to the telecommunications industry,” Mr. Iglesias, iQSTEL's CEO, stated.

Cynopia LTD www.cynopia.com an UK based company 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/

Previous itsBchain blockchain-based Settlement and Payment Marketplace Platform PR:

https://www.globenewswire.com/news-release/2020/06/29/2054508/0/en/iQS ...

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.