iQSTEL Inc. (OTCMKTS:IQST) Stock Consolidates After The Big Move: Will it Reach $1?

iQSTEL Inc. (OTCMKTS:IQST) stock is trading slightly lower Wednesday after gaining 30% so far this week. .

Major Trigger:

IQST – iQSTEL Announces Fintech Services Launch Anticipated To Add $128 Million In Revenue Over 5 Years Through Visa, Mastercard, Banking and Cryptocurrency Services

Key Highlights:

• announced the expansion and launch of its Global Money One Mobile Fintech Services. Adding to the Visa Debit Card services, iQSTEL’s Global Money One Mobile Fintech Services will now also include MasterCard Debit Card services.  The rollout of iQSTEL’s Global Money One Mobile Fintech Services will begin next week on July 6th.
• Global Money One is a subsidiary of iQSTEL.
• Global Money One has developed a comprehensive Fintech Services Ecosystem around a Mobile Visa Debit Card and now added MasterCard to the Ecosystem.
• The Global Money One Ecosystem was designed for Immigrants in the US, but is available to, and can be used by anyone. The services consist of a Visa/MasterCard Debit Card, with a US Bank Account (No SSN Required) and a Mobile Application/Wallet that offers Cryptocurrency Exchange Services, International Remittances, and International Mobile Top Up, among other services.
• iQSTEL has added MasterCard (MasterCard Money One – MAXMO) to its previously announced Visa Money One (VIMO) to better serve customers that may already have one or the other. By offering the alternative with the added services, iQSTEL is positioned to serve a larger market with its complete Global Money One Mobile Fintech Services Package.
• iQSTEL will launch the VIMO and MAXMO services in two phases beginning July 6th. First iQSTEL will launch MAXMO (MasterCardMoneyOne). VIMO (VisaMoneyOne) will launch subsequently following the onboarding of initial MAXMO customers.

Market Reactions  

As of 10:34, IQST stock fell by 2% at $0.7049. Total volume so far stood at 672k shares, compared to its average volume of 1.31 million shares.  The stock moved within a range of $0.6501 – 0.7300 after opening at $0.7010.