According to Bloomberg, the largest bank in the Middle East and Africa, Qatar National Bank (QNB Group), has begun processing US dollar transactions using JPMorgan’s Kinexys Digital Payments System.
This integration allows QNB to process corporate dollar payments from local businesses within minutes, daily, and within minutes of every day.
Why Blockchain is important for banks
For Qatari clients, this is more than a high-tech upgrade. That means faster, more reliable access to cross-border payments. This is a service that often takes hours and days with traditional systems. By leaning against JPMorgan’s blockchain, QNB shows that global banks are beginning to trust blockchain to streamline high-value financial services.
Traditional international payments usually go through a series of intermediaries. For example, banks add time, fees and delay risks, respectively. Blockchain, a digital ledger that records transactions in real time, removes much of its friction. With Kinexys, QNB can process payments almost instantly and provide businesses with the certainty they need to plan their cash flow and manage their operations.
QNB, one of the largest financial institutions in the Middle East, has switched to JPMorgan’s blockchain platform for corporate payments in US dollars processed by a Qatar-based bank.
– Bloomberg (@business) September 29, 2025
Recent examples highlight the importance. Mid-sized Doha construction companies had to wait a day or two before the supplier payments were cleared. It sometimes caused delays in the project. With the new system, the company can send money within minutes and keep the project on schedule. For companies that rely on just-in-time operations, their speed can be the difference between winning or losing a contract.
The whole picture
This trend surpasses Qatar. A survey by International Village Banks shows that over 90% of central banks around the world are investigating digital currency or blockchain-based settlements. JPMorgan itself is already processing billions of dollars through its blockchain platform. This is a signal that technology is moving from pilot projects to mainstream adoption.
Just In: Middle East’s QNB Group employs JPMorgan’s blockchain platform for US dollar payments to enable 24/7 processing in minutes via the Kinexys Digital Payments System. pic.twitter.com/mzc2li7xws
– Cointelegraph (@cointelegraph) September 29, 2025
QNB’s Kinexys adoption reflects greater changes in global finance. Banks in Asia, Europe and North America are also experimenting with blockchains to reduce payment times and costs. For investors, this shows increased confidence in blockchain as an infrastructure tool, not just cryptocurrency vehicles. It shows how financial institutions are betting blockchains will restructure the plumbing of their monetary movement.
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