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.
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