QNB Adopts Blockchain for Faster USD Payments

Qatar National Bank (QNB) has joined the Kinexys Digital Payments platform, becoming the first bank in the country to use blockchain rails for US dollar corporate settlements.

The move enables clients to process payments in real time, significantly reducing the delays that are common in traditional banking systems. Transfers that once took several days can now be completed in just minutes, regardless of time zones or business hours.

By integrating blockchain into its transaction network, QNB is modernizing its treasury services and offering companies greater efficiency in managing liquidity. The technology also provides enhanced transparency and automation, allowing businesses to streamline cash flows and reduce operational bottlenecks.

The adoption highlights how leading banks in the region are embracing distributed ledger systems to deliver faster, always-on settlement solutions. For QNB, the shift positions the institution at the forefront of innovation in cross-border payments, aligning with global trends that prioritize speed, security, and scalability.