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iQSTEL’s Subsidiary itsBchain Reaches Preliminary Agreement With Cynopia for Next Phase of Blockchain


iQSTEL Inc., 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 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.

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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.”

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“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.

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