QNB Transforms Payments with JPMorgan’s Blockchain Technology

Qatar National Bank (QNB) has integrated JPMorgan's blockchain platform, Kinexys, to enable real-time USD payments for corporate clients. The MOVE slashes settlement times from days to just two minutes, marking a significant leap in efficiency for cross-border transactions in the MENA region.

The adoption positions QNB as a digital banking leader, leveraging blockchain to streamline treasury operations and liquidity management. Corporate clients can now execute automated transfers 24/7, eliminating the delays inherent in traditional banking systems.

Bloomberg reports the shift underscores the growing institutional embrace of blockchain solutions for high-value payments. QNB's implementation reflects a broader trend of financial institutions prioritizing speed and transparency in global transactions.