Qatar National Bank Embraces J.P. Morgan’s Blockchain for Faster 24/7 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. With this system, transactions can be processed within minutes and are available 24/7, unlike conventional payment methods that usually take several days to complete.