A small cap telecom company just announced its new Visa debit card service scheduled to launch by June of this year. iQSTEL Inc. (OTCPK:IQST) saw its shares pop as the company is looking to initiate the $128-million revenue stream opportunity.
iQSTEL Inc. is a technology company offering a wide array of services to the telecom and Internet industry. along with its subsidiary the firm offers international long-distance voice services for Tier-1 worldwide telco carriers (ILD Wholesale) and submarine fiber optic network capacity for data carriers and internet service providers both land-based and mobile (4G and 5G).
This news was met with open arms as traders grabbed up shares to an early session high of $1.38/share (+15.96%). This move is a breath of fresh air for those who have been holding since the pullback over the last few weeks from the 52-week high of $2.00/share.