Qatar National Bank Adopts JPMorgan’s Blockchain for Faster USD Transfers

Qatar National Bank (QNB) has begun using JPMorgan’s blockchain network to accelerate U.S. dollar payments between its branches and correspondent banks.

By tapping into the blockchain infrastructure, QNB aims to cut settlement time, reduce manual processing, and enhance transparency. The move underscores how traditional banks are increasingly experimenting with blockchain to modernize core services. As cross-border payments remain costly and slow under legacy systems, leveraging JP Morgan’s technology could set a precedent for wider adoption across the banking sector.

Clever Robot News Desk 1^st October 2025