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Qatar National Bank Embraces J.P. Morgan’s Blockchain for Faster 24/7 Dollar Payments
['Syed Ali Haider', 'Crypto News Author', 'Fact Checked', 'View Full Profile', 'More This Author']
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Highlights:QNB adopts JPMorgan’s Kinexys, enabling faster 24/7 corporate US dollar payments.
Qatar National Bank (QNB), one of the largest financial institutions in the region, has taken a big step into blockchain-based finance.
The bank has adopted JPMorgan’s Kinexys Digital Payments platform to manage corporate US dollar payments in Qatar, Bloomberg reported Tuesday.
By adopting both tokenized investment products and blockchain-based payments, QNB is positioning itself as a leader in the Gulf’s move toward digital finance.
Blockchain payments are now moving from small pilot projects to full-scale use.