BlockBeats News, May 1st. According to The Block, JPMorgan's blockchain division Kinexys (formerly known as Onyx) has expanded its operations in the Middle East and North Africa region, partnering with eight leading banks in the region. This development marks a broader transformation of blockchain integration in banking infrastructure.
JPMorgan announced on Thursday that six of these eight banks are Qatar National Bank, Saudi National Bank, First Abu Dhabi Bank, National Bank of Fujairah, Dubai Commercial Bank, and ABC Bank. JPMorgan's spokesperson did not disclose the names of the other two banks. These banks are using Kinexys to enhance cross-border payments, treasury functions, and transaction efficiency.
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