Global Bankers See COVID-19 Pandemic Speeding Up Digital Cryptocurrency Adoption Both As An Asset And As A Telecommunications International Method For Payments/Settlements; iQSTEL Inc. (OTC: IQST) Is Finalizing A Marketplace Solution from itsBchain LLC

Global banks see the COVID-19 Pandemic speeding up the adoption of Bitcoin and other cryptocurrencies as an asset to be held in portfolios and also as an accepted digital currency to be used by financial institutions in international payments/settlements transactions. iQSTEL Inc. (OTC: IQST) is finalizing a marketplace solution from itsBchain LLC subsidiary for use by Top Tier global providers for quick, secure and fraud mitigating payments/settlements transactions within a blockchain-driven marketplace. Time frames can be reduced to as little as one day.

Media companies such as Stock Market Press are reporting on the fast growing telecommunications market. It keeps readers up to date on company stocks such as iQSTEL Inc. (OTC: IQST), amazon.com (NASDAQ: AMZN), Alphabet Inc. (NASDAQ: GOOGL), Apple Inc. (NASDAQ: AAPL), Telefonica SA (NYSE: TEF), Samsung Electronics Co. Ltd. (OTC: SSNLF), Motorola Solutions, Inc. (NYSE: MSI), China Mobile Limited (NYSE: CHL),Verizon (NYSE: VZ), AT&T Inc. (NYSE: T), T-Mobile US (NASDAQ: TMUS),Ericsson (NASDAQ: ERIC), DISH Network Corporation (NASDAQ: DISH), Nokia Corporation (NYSE: NOK), Liberty Global (NASDAQ: LBTYA) and Vodafone Group PLC (NASDAQ: VOD).

Global Bankers See COVID-19 Pandemic Speeding Up Digital Cryptocurrency Adoption Both As An Asset And As A Telecommunications International Method For Payments/Settlements; iQSTEL Inc. (OTC: IQST) Is Finalizing a Marketplace Solution from itsBchain LLC subsidiary To Speed Secure, International Financial Transactions

According to The Crypto Inquirer, the Chief Economist of DBS Bank in Singapore, large financial institutions from Germany, Switzerland and other countries, now see the wisdom and security in cryptocurrencies such as Bitcoin as a held asset. Taimur Baig said that early on investors saw an opportunity in putting less than 1% of their portfolios into Bitcoin (BTC). "But I think post-pandemic is beyond speculative. It's more about, 'This thing has fixed circulation, it will not be debased.' People are worried about dollar outflow and wondering if they should hold crypto in addition to gold as a safe haven currency." Global Bankers See COVID-19 Pandemic Speeding Up Digital Cryptocurrency Adoption Both As An Asset And As A Telecommunications International Method For Payments/Settlements; iQSTEL Inc. (OTC: IQST) Is Finalizing A Marketplace Solution from itsBchain LLLC subsidiary To Speed Secure, International Financial Transactions.

Digital Currency Has Confidence Of Major Financial Institutions Globally

Digital cryptocurrency also has the confidence of major financial institutions globally to effectively serve as a vehicle currency for payments/settlements. In telecommunications, iQSTEL Inc. (OTC: IQST) and a subsidiary is finalizing a carrier grade marketplace solution for Top Tier providers globally to reinvent the world of cross-border payment transactions. This solution quickens movement of large financial transactions, offers blockchain-driven transparency in real time and offers security. Not only does it cut costs, it also mitigates fraud in these transactions.

5G Seen As A Catalyst For Blockchain And Distributed Ledger Technology

An analysis finds that It will bring to developing countries global settlements/payments in the form of cryptocurrencies, such as Bitcoin. It makes cryptocurrency currency settlement payments secure, safe, transparent and simple. As 5G becomes more widely used in developing countries such as India and Brazil, the crypto revolution, mobile banking and other SmartPhone apps will become more plentiful and frequently utilized. Global Bankers See COVID-19 Pandemic Speeding Up Digital Cryptocurrency Adoption Both As An Asset And As A Telecommunications International Method For Payments/Settlements; iQSTEL Inc. (OTC: IQST) Is Finalizing A Marketplace Solution from itsBchain LLC subsidiary To Speed Secure, International Financial Transactions.

Banks Feeling More Secure Regarding Cryptocurrency

Banks will feel more secure regarding cryptocurrency digital coins such as Bitcoin and blockchain-driven apps and distributed ledger technology banking will become more common. It makes global banking transactions transparent, fast and safe. SmartPhones are also expected to use 5G to make Internet of Things (IoT) more accessible and increase blockchain applications. Global Bankers See COVID-19 Pandemic Speeding Up Digital Cryptocurrency Adoption Both As An Asset And As A Telecommunications International Method For Payments/Settlements; iQSTEL Inc. (OTC: IQST) Is Finalizing A Marketplace Solution from itsBchain LLC subsidiary To Speed Secure, International Financial Transactions.

iQSEL, Inc.'s (OTC: IQST) Sees Strong Q3 And Q4 Performance

Mr. Iglesias, CEO of iQSTEL, Inc. (OTC: IQST), said the Company's first half 2020 financials represent "further proof that our business model, a combination of corporate growth and acquisitions, is working very well. All of our operating subsidiaries just reached a major milestone, going Net Income positive. Our management experience in Telecom Operations has been key in the achievement of these results. We look forward to fantastic Q3 and Q4's as we anticipate further corporate and subsidiary developments leading in to 2021."

Mr. Iglesias, CEO of iQSTEL, Inc. (OTC: IQST), added, "Our growth during 2020 has been phenomenal and is attributed to our focus on strong carrier agreements and strategic subsidiary acquisitions." He added, "Our subsidiaries shine as success stories, even at this early stage, as was seen in our recent release detailing their individual net income."

iQSTEL, Inc. (OTC: IQST) reported all operating subsidiaries of the 21st Century enhanced telecommunications service provider generated positive net income for the parent Company. These subsidiaries include: Etelix, SwissLink, QGlobal and IoT Labs. All showed a positive net income for the Q2 2020 reporting period.

iQSTEL, Inc. (OTC: IQST) Expands Network Of Subsidiaries

The parent company owns a 75% stake in blockchain subsidiary itsBchain LLC, iQSTEL Inc. (OTC: IQST) wholly owns Miami-based subsidiary, Etelix.com USA, LLC, an American-based 5G provider of Submarine Fiber Optic Network capacity for internet (4G and 5G). It owns 51% of SwissLink Carrier AG. SwissLink Carrier AG provides international VoIP connectivity worldwide and more. It owns 51% of QGlobal SMS LLC, a U.S.-based company which has international interconnection with Tier 1 SMS aggregators to more than 100 countries worldwide. It has acquired 51% of an Austin, Texas-based SMS U.S.-Mexico Service provider. Most recently it acquired IoT Labs MX SAPI. This Internet of Things (IoT) company is the creator of the "IoT Smart Gas" platform and application.

Source: Stock Market Press

Join Stock Market Press' newsletter for the latest in IPO, market commentary and company profiles.

Stock Market Press is a financial news company that delivers up to date stock news, introduces private and public companies to a wide audience of investors, consumers, journalists and the general public via social media and a rapidly expanding network.

Contact:

Stock Market Press
110 Wall St.
New York, NY 10005 info@stockmarketpress.com

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 Stock Market Press undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this news release.

See Stock Market Press disclaimer: http://stockmarketpress.com/disclaimer/ SOURCE: Stock Market Press

comtex tracking

COMTEX_371127944/2718/2020-09-11T08:42:32

Is there a problem with this press release? Contact the source provider Comtex at editorialpr@comtex.com.