Qatar National Bank Adopts JPMorgan Blockchain Platform

Qatar National Bank (QNB) is adopting JPMorgan’s blockchain platform to handle corporate U.S. dollar payments within Qatar. The shift means businesses using QNB can expect payments that are faster and more secure. The move aims to help users with more cost-efficient methods of payments than traditional banking methods. Instead of relying on multiple intermediaries, the blockchain system allows transactions to move almost instantly. This adds transparency at every stage. For QNB’s corporate clients, this could ease cash flow management and improve trust in cross-border and domestic transactions. The decision also shows Qatar’s growing focus on financial innovation, joining a global wave of banks turning to blockchain to modernize how money moves.