Key Highlights Kinexys processes $3 billion daily with payments in just 2 0 enables 24/7 corporate transactions, far faster than traditional 1 adoption by banks accelerates global financial 2 Group Adopts JPMorgan’s Kinexys Blockchain to Process $3 Billion Daily QNB Group, one of the largest banks in the Middle East, has begun using JPMorgan's Kinexys blockchain platform to process corporate payments in US 3 move promises faster, 24/7 transactions, giving corporate treasurers a major upgrade from traditional interbank transfers that can take several 4 Enables Lightning-Fast Transactions The new blockchain system allows Qatari customers to complete payments within minutes, anytime, the bank 5 to Kamel Moris, Executive Vice President of Transaction Banking at QNB, the platform meets the high expectations of corporate clients seeking speed and security. ”We now have a 24/7 service window, and we can guarantee payments in just two minutes.
It's every treasurer's dream,” Moris 6 in 2019, Kinexys already handles $3 billion in daily 7 impressive, this is still a fraction of JPMorgan’s payments division, which processes around $10 trillion 8 Adoption Accelerates Globally QNB’s adoption reflects a broader trend: financial institutions worldwide are increasingly turning to blockchain and distributed ledger technology to streamline back-office 9 plans to expand Kinexys through its extensive correspondent network, connecting institutions and companies that are not direct clients. ”We are opening the network to more participants and expanding to institutional clients,” said Kinexys co-CEO Navin 10 expansion is expected to allow Kinexys to compete directly with traditional global interbank payment 11 more than a decade of experimentation, only a few blockchain platforms have achieved practical 12 note that innovations like Kinexys represent a major step toward wider adoption and efficiency in corporate payments.
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