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Recently Uplisted iQSTEL, Inc. Launches New Electric Vehicle Division As Collaboration With Alternet Systems, Inc. Expands (IQST) (ALYI)

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Recently Uplisted iQSTEL, Inc. Launches New Electric Vehicle Division As Collaboration With Alternet Systems, Inc. Expands (IQST) (ALYI)

June 21
07:09 2021

iQSTEL, Inc. (OTCQB: IQST) has enjoyed a successful month of June, and its latest announcement extends its agreement with Alternet Systems, Inc. (OTC: ALYI) to capitalize on opportunities from the multi-billion dollar African motorcycle (boda-boda) rideshare market. Thus, while June has been strong, July can be better.

Most notably, IQST announced its successful uplist to the OTCQB as its journey to the more senior NASDAQ markets continues. Having steadily increased its annual revenues over time, the OTCQB Qualification is an indicator of the company’s early success and a critical step forward to an eventual NASDAQ listing. Still, the OTCQB listing is a milestone reached.

It will especially bring more investors to its newest agreement announced last week. Last Thursday, IQST announced that the company has formed a dedicated Electric Vehicle (EV) Division to further develop its ongoing collaborative efforts between them and Alternet Systems, Inc. Extending in place agreements with ALYI more, IQST is working with the MODUS EV design team, collaborating to develop an EV-Battery, IoTSmartEV device, and Motorcycle Dashboard Display.

Taking technology further, IQST is also in the development stage to build a comprehensive EV battery ecosystem by providing solutions such as Battery Chargers, Battery Management Software, and an integrated Internet of Things. The IQST EV Division will not only benefit ALYI through its investment in dollars and expertise, but will also allow IQST to diversify its portfolio and capitalize on new business opportunities across Africa and Latin America. Further, the collaborative efforts between ALYI and IQST will support the expansion of both companies, with positive news on the EV technology front sure to send valuations higher. Notably, ALYI has been making great developments over the past few months, with 2000 of its electric motorcycles set to be delivered to Kenya in July. Thus, it could be a great next few months for both companies.

Indeed, iQSTEL’s Electric Vehicle division could position the company to expand its business interests quickly. And for those just learning about IQST, there is a lot of firepower behind the investment opportunity in this international telecom services provider.

A Diversified Yet Focused Portfolio

At its core, iQSTEL is a US-based telecommunications and fintech company providing products and services that offer significant advantages over existing solutions. The company’s services targets industries including telecommunications, electric vehicles (EV), liquid fuel distribution, chemicals, and financial services, with operations currently taking place in over 13 countries. Since 2020, IQST has enjoyed impressive revenue growth, and 2021 is setting up to deliver record-setting results.

In what may be a huge revenue driver, IQST recently launched its Mobile Number Portability Application (MNPA) Blockchain Platform, itsBchain. The itsBchain MNPA streamlines the process of switching mobile network carriers while retaining the same phone number, a procedure that often requires the involvement of a third party and significant waiting periods. Aiming to bring more power to the user and network providers alike, itsBchain works to solve the logistical hurdles by creating a solution that allows users to switch networks while keeping their same phone number in just three taps on a smartphone.

This importance and revenue-generating potential of this product should not be underestimated, particularly in worldwide markets where border crossings and varying carrier availability are common. The MNPA platform’s flexibility, cost and time efficiency, and increased security benefits both mobile network operators and their customers. Keeping the same phone number is critical for anybody conducting day-to-day business, and IQST is providing a transformational solution to clients all over the world by eliminating the hassles of conventional number migration procedures. The revenues generated by the MNPA platform as a service (PaaS) market has been estimated at $530 million annually, and IQST is confident that the unique advantages of the itsBchain service could help the company secure 5% of this market share by 2024.

Another milestone launch planned later this month is the release of its Visa Debit Card services under the brand name Visa Money One (VIMO). VIMO is more than just a debit card, offering a comprehensive banking platform that includes various financial services such as the ability to open a US Bank Account, make a Mobile Wallet payment, and more. One of the most exciting features of the Visa Money One platform is that it will allow users to purchase and sell cryptocurrencies, capitalizing upon the rapidly growing public interest in the crypto industry.

By making it simple to purchase and sell cryptocurrencies on the VIMO platform, IQST is well positioned to soon join the ranks of other applications that have made billions by simplifying investment processes. The all-inclusive features of the VIMO banking ecosystem are expected to significantly expand IQST’s international reach, with estimates that the platform could generate over $128 million in revenues over the next five years. Combined with the company’s other initiatives such as the itsBchain MNPA platform, the second half of 2021 could bring unprecedented growth for IQST.

Looking Ahead At A Robust 2H 2021

Indeed, IQST has successfully completed numerous development milestones this summer, which allows them to capitalize on the opportunities presented by recovering global market conditions. Better still, with its unique combination of industry knowledge and innovative and diversified technologies, IQST will soon stand out from the crowd and build what could be an extremely lucrative customer base.

Even better, as part of its plan to expand its operations across the globe, IQST hopes to eventually increase its current presence in 13 countries to as many as 113 identified locations. And with its newly released MNPA, the near-term launch of Visa Money One, and the new opportunities offered by its EV collaborations with ALYI, IQST is indeed on track to achieve massive growth in the coming quarters. In fact, its itsBchain is expected to post $25 million in annual revenues for each of the next three years.

Thus, while share prices are pressured by weak micro-cap markets, now may an excellent time to consider this value opportunity in a company expected to generate $60 million in revenues this year. And that estimate could end up being conservative.

Keep in mind, too, IQST is reaching milestones prior to its recent deals and partnerships. Therefore, as its new platforms reach their potential, the remainder of 2021 and all of 2022 could yield exponential growth.

 

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