iQSTEL Inc. announced that it has acquired a 75% stake in itsBchain, a blockchain solutions provider with a varied portfolio of projects. itsBchain will be headed by Mr. Miguel Scavo as the COO. Mr. Scavo is a 20-year telecom veteran with extensive experience in the Latin American and world-wide telecom markets. Additionally, Mr. Scavo has a Masters in blockchain technology from the Blockchain Institute of Technology of Barcelona, a school of EADA, including various blockchain and smart contract specialized courses. iQSTEL Inc. announced to appoint Mr. Miguel Scavo as COO of itsBchain as well as the new CIO of iQSTEL, further enhancing the synergy between portfolio companies. Mr. Scavo will be helping itsBchain and iQSTEL develop next-generation blockchain and Artificial Intelligence (AI) telecom solutions.