QNB Archives - Coin Engineer https://coinengineer.net/blog/tag/qnb/ Btc, Coins, Pre-Sale, DeFi, NFT Mon, 29 Sep 2025 10:15:24 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://coinengineer.net/blog/wp-content/uploads/2024/04/cropped-Coin-Engineer-Logo-Favicon-2-32x32.png QNB Archives - Coin Engineer https://coinengineer.net/blog/tag/qnb/ 32 32 JPMorgan Joins Blockchain Network in Qatar: Payments Are Accelerating! https://coinengineer.net/blog/jpmorgan-joins-blockchain-network-in-qatar-payments-are-accelerating/ https://coinengineer.net/blog/jpmorgan-joins-blockchain-network-in-qatar-payments-are-accelerating/#respond Mon, 29 Sep 2025 10:15:24 +0000 https://coinengineer.net/blog/?p=52656 Qatar National Bank (QNB), the largest credit institution in the Middle East, has taken a revolutionary step in corporate payments. According to Bloomberg, the bank has adopted JPMorgan’s Kinexys Digital Payments platform, enabling corporate payments in U.S. dollars to be executed 24/7 and instantly. With QNB’s new system, cross-border payments can now be completed in

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]]> Qatar National Bank (QNB), the largest credit institution in the Middle East, has taken a revolutionary step in corporate payments. According to Bloomberg, the bank has adopted JPMorgan’s Kinexys Digital Payments platform, enabling corporate payments in U.S. dollars to be executed 24/7 and instantly.

With QNB’s new system, cross-border payments can now be completed in minutes instead of days. Kamel Moris, Vice President of Transaction Banking at QNB, stated:

“We now have a 24/7 service window and can guarantee payments in as little as two minutes. This is a dream come true for counting.”

Kinexys: A New Era in Blockchain Banking

Launched by JPMorgan in 2019, the Kinexys network currently handles an average daily transaction volume of $3 billion. While this is small compared to JPMorgan’s total daily payment business of $10 trillion, it clearly demonstrates the growth potential of blockchain-based payments.

JPMorgan’s Global Co-President Naveen Mallela said:

“The Kinexys network offers enterprise-level scale, and we rely on our global correspondent network to include more financial institutions in our network.”

A Key Signal for Crypto Markets

This development is also seen as an important signal for crypto markets. The adoption of blockchain by major financial institutions increases the trust in technologies behind assets like Bitcoin (BTC) and Ethereum (ETH).

In particular, Ethereum often benefits from blockchain-based financial integration news. In the past, announcements from banks and financial institutions regarding Ethereum have led to short-term ETH trading volume increases of 10–15%. Bitcoin similarly responds positively to market sentiment. Additionally, tokens like Chainlink (LINK) could directly benefit from tokenized finance and blockchain-based payments.

Corporate Adoption and the Future of Blockchain

QNB’s participation in JPMorgan’s blockchain network is not just an update for banking in Qatar; it is a significant step toward blockchain-based digital payments in the global financial sector.

This development demonstrates that with increased adoption of blockchain by banks and corporate players, crypto assets and tokenized finance may gain wider acceptance in the future.

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