QNB Adopts JPMorgan’s Kinexys Blockchain For Corporate Payments

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Qatar National Bank Group (QNB), one of the Middle East’s largest banks, has adopted JPMorgan’s blockchain platform, Kinexys, to process corporate payments in Qatar, according to a Monday Bloomberg report.

The switch marks a departure from the constraints of traditional banking infrastructure, where cross-border payments are limited to weekdays and can take days to complete. 

In a Bloomberg interview, Kamel Moris, the executive vice president of transactional banking at QNB, described the development as a “treasurer’s dream,” pointing to the…



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QNB Adopts JPMorgan’s Kinexys Blockchain For Corporate Payments



Qatar National Bank Group (QNB), one of the Middle East’s largest banks, has adopted JPMorgan’s blockchain platform, Kinexys, to process corporate payments in Qatar, according to a Monday Bloomberg report.

The switch marks a departure from the constraints of traditional banking infrastructure, where cross-border payments are limited to weekdays and can take days to complete. 

In a Bloomberg interview, Kamel Moris, the executive vice president of transactional banking at QNB, described the development as a “treasurer’s dream,” pointing to the…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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