iQSTEL, Inc., a rapidly growing global telecommunications firm diversifying into an expanding array of innovative products and services through its four operating divisions, Telecom, Fintech, Blockchain, and Electric Vehicles, announced that it has begun the application process to dual list its shares on Upstream, the revolutionary trading app for digital securities and NFTs powered by Horizon Fintex (“Horizon”) and MERJ Exchange Limited (“MERJ”).
The planned dual listing on Upstream is designed to provide iQSTEL the opportunity to access a global, digital-first investor base that can trade using USDC digital currency along with credit, debit, PayPal, and USD, unlocking liquidity and enhancing price discovery while globalizing the opportunity to invest in OTCQX-quoted iQSTEL.
Commenting on the application to list on Upstream, Leandro Iglesias, Chief Executive Officer of iQSTEL, said, “We encourage shareholders to learn more about Upstream in order to fully appreciate the value of iQSTEL’s dual listing on Upstream. We believe the dual listing will build shareholder value and liquidity by making iQSTEL investment available to a broader range of global investors trading with a broader range of investment tools to include USDC digital currency, credit, debit, PayPal, and USD. These tools will also be available to existing iQSTEL shareholders that signup for an Upstream account. We furthermore believe the experience gained through Upstream application process will contribute to our intended future up-listing to NASDAQ.”
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Approval to be listed on Upstream is subject to acceptance by MERJ. However, as an existing OTCQX company, the standards to which iQSTEL currently adheres are sufficient to comply with MERJ Listing Rules, including but not limited to disclosure, filing and notification requirements.
Once approved for Upstream Dual Listing, IQST shareholders of record will be able to install the Upstream App and complete a simple KYC / AML check. If a shareholder elects to have their shares transferred from their existing broker dealer to Upstream, the process to instruct the transfer agent of this will begin. Once the transaction is approved, the shares will reflect as “sell only” on the Upstream App (if the shareholder resides in either the US or Canada). Investors outside of these 2 countries can both buy and sell on Upstream if they are 18 years of age or older and have completed their KYC / AML check. Additionally, shareholders of record that have onboarded to the Upstream App are eligible to receive digital dividends, should the company elect to do so.
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The benefits of listing on Upstream include:
- No Short Selling. Upstream does not permit the short selling of our issuers’ securities.
- Global Audience, including Cryptocurrency. Uniquely, Upstream allows global investors access to U.S. equities using cryptocurrency in the form of the USDC stable coin. This enables issuers to reach new investors around the world and increase liquidity potential.
- Transfer Agent Integration. Upstream’s U.S. transfer agent deposit and legend lift technology also solves for common deposit and custody problems issuers face.
- Web3 Technology. Upstream features high-tech, high-touch onboarding, user-friendly trading tools, and transparency enforced by Web3 blockchain technology to make it both convenient and efficient for international traders to trade securities.
- FDIC Insurance: Upstream accounts, U.S. and non-U.S., are FDIC-insured up to $250,000.
- Streamlined On/Off Ramps. Cryptocurrency holders enjoy a streamlined on/off-ramp to/from popular cryptocurrency exchange platforms like Coinbase. US Dollar holders enjoy a fiat on/off-ramp to/from any U.S. or int’l bank when they sell their shares.
- Full Sovereign Exchange. Upstream is a MERJ Exchange Market. MERJ is an affiliate of the World Federation of Exchanges. As a fully regulated overseas stock exchange, we are a peer to the OTC markets (i.e. Upstream is not a mini-market like an ATS or MTF). This means qualified issuers may cross-list Upstream securities in other global markets.
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