{"id":50379,"date":"2025-09-30T22:31:46","date_gmt":"2025-09-30T22:31:46","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=50379"},"modified":"2025-09-30T22:31:46","modified_gmt":"2025-09-30T22:31:46","slug":"qnb-joins-jpmorgans-blockchain-network-to-speed-up-dollar-payments","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=50379","title":{"rendered":"QNB Joins JPMorgan\u2019s Blockchain Network to Speed Up Dollar Payments"},"content":{"rendered":"
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Qatar National Bank (QNB), the country\u2019s largest lender, has adopted JPMorgan\u2019s Kinexys Digital Payments platform to process U.S. dollar corporate transactions.<\/p>\n

This makes it the first bank in Qatar to extend its network into blockchain for real-time USD settlements, eliminating the multi-day delays common in traditional systems.<\/p>\n

JPMorgan\u2019s Expanding Network<\/h2>\n

A Bloomberg report shows <\/a>that the Kinexys system allows corporate clients to execute transactions in minutes, even on weekends or outside business hours. Kamel Moris, QNB\u2019s Executive Vice President for Global Transaction Banking, described this as \u201ca treasurer\u2019s dream,\u201d noting that transaction timeframes can be reduced to just two minutes, a major advantage for companies operating with tight liquidity.<\/p>\n

It also\u00a0eliminates many of the inefficiencies in conventional payment networks by directly programming deposit accounts\u00a0<\/span>onto blockchain rails. These rails reportedly process $3 billion in daily payments across connected banks, making it easier for treasury teams to automate liquidity flows.<\/p>\n

JPMorgan has been steadily scaling Kinexys across the Middle East. The platform builds on the bank\u2019s earlier blockchain initiatives, including the Onyx division and projects tied to Quorum, its enterprise blockchain.<\/p>\n

For the financial institution, QNB\u2019s entry adds to a growing list of regional adopters. Companies such as Emirates NBD and Saudi National Bank have already joined the network, showing how Gulf lenders are prioritizing speed, transparency, and always-on settlement options.<\/p>\n

What This Means for the Banking Industry<\/h2>\n

Studies show that local corporate payments depend<\/a> on correspondent banks, with the structure causing delays due to time zone variance, business-hour restrictions, and other manual checks. Kinexys, on the other hand, allows payments to move directly on blockchain rails, which bypasses these traditional frictions.<\/p>\n

Large financial institutions worldwide are accelerating their use of distributed ledger technology, viewing it as a tool to simplify complex back-office processes. While banks have tested these systems for over a decade, few have been able to scale or achieve commercial viability.<\/p>\n

Earlier this year, Reuters also announced a partnership between India\u2019s Axis Bank and JPMorgan to extend<\/a> Axis clients\u2019 access to 24\/7 dollar transfers. This collaboration allowed the firm to streamline its liquidity management and unlocked advanced treasury capabilities such as multi-bank cash concentration. The technology provides more than just speed, offering lower costs and greater transparency.<\/p>\n

Naveen Mallela, global co-head of Kinexys, said in an interview that opening the network to such firms allows it to reach companies that are not direct clients of the bank. \u201cThis is institutional-grade scale,\u201d he said.<\/p>\n

The post QNB Joins JPMorgan\u2019s Blockchain Network to Speed Up Dollar Payments<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Qatar National Bank (QNB), the country\u2019s largest lender, has adopted JPMorgan\u2019s Kinexys Digital Payments platform to process U.S. dollar corporate transactions. This makes it the first bank in Qatar to extend its network into blockchain for real-time USD settlements, eliminating the multi-day delays common in traditional systems. JPMorgan\u2019s Expanding Network A Bloomberg report shows that […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-50379","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/50379","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=50379"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/50379\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=50379"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=50379"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=50379"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}