Summary
- One of Qatar's largest banks, QNB, said it will adopt JPMorgan's blockchain payments platform 'Kynexis'.
- It said that, by adopting the Kynexis system, dollar-based corporate payments are expected to be processed quickly within minutes.
- QNB emphasized that payments can be completed in 2 minutes through a 24-hour service window.
QNB, one of Qatar's largest banks, is adopting JPMorgan's blockchain payments platform 'Kynexis' to speed up processing of dollar-based corporate payments.
On the 29th (Korean time), Bloomberg reported that QNB has adopted the 'Kynexis Digital Payments' system, allowing corporate customers in Qatar to complete dollar payments within minutes.
Kamel Morris, QNB's Executive Vice President in charge of Transaction Banking, emphasized, "We can now guarantee payment within 2 minutes through a 24-hour service window."
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
![[Exclusive] “Airdrops also taxable”... Authorities to adopt a ‘comprehensive approach’ to crypto assets](https://media.bloomingbit.io/PROD/news/d8b64ab3-376a-41c1-a0a8-5944ff6b90c7.webp?w=250)
![[Market] Bitcoin slips below $75,000…Ethereum also falls under $2,200](https://media.bloomingbit.io/PROD/news/eaf0aaad-fee0-4635-9b67-5b598bf948cd.webp?w=250)