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$XRP is currently trading at $2.83, with a market capitalization of $169 billion and 24-hour volume at $4.58 billion. Price action is characterized by cautious movement within a tight, consolidating range. The cryptocurrency is hovering just above critical minor support, as technical indicators signal a fading bullish trend and potential short-term weakness.

Technical Analysis: Fading Momentum and Key Levels
XRP's momentum is fading after hitting a recent peak, with price action struggling to maintain upward velocity against strong overhead resistance.
1-Hour Micro-Trend: Price action shows a pattern of lower highs since peaking at $2.931, confirming a bearish divergence with declining volume. The token is repeatedly testing a minor support level at $2.82. A decisive move above $2.90 is needed to confirm a short-term rally.4-Hour Consolidation: XRP entered a brief period of consolidation after a strong break down from $3.016, but its attempt to reclaim the $2.90 level was rejected. Short-term resistance remains firm between $2.88 and $2.93.Daily Macro-Trend: The daily chart shows a descending, sideways structure with dense resistance between $3.00 and $3.10. A critical support region at $2.70 must hold to avoid a significant downward move.
Indicator and Moving Average Assessment
Oscillators are largely neutral, but the technical posture across Moving Averages (MAs) leans toward caution and short-term vulnerability.
Momentum Weakness: While most oscillators (RSI, Stochastic, CCI) are neutral, the Momentum Oscillator (-0.15136) and MACD (-0.03727) both imply underlying weakness and negative flow.MAs Signal Caution: Short-term EMAs and SMAs (10, 20, 30, 50-period) universally indicate a bearish bias, reinforcing the short-term resistance. Only the long-term 200-period MAs show positive consensus relative to the current price, suggesting macro structural strength remains intact.
Bull vs. Bear Outlook
Bullish Verdict: The bull case requires XRP to maintain support above $2.80 and decisively breach the $2.90 resistance with increasing volume. Success would open the path to challenge the $3.00–$3.10 zone.Bearish Verdict: Failure to hold the minor $2.82 support, particularly if confirmed by volume, significantly raises the risk of a decline toward the crucial $2.70 area. The alignment of negative momentum and short-term MAs suggests continuous selling pressure at higher levels.
#Binance #wendy #XRP $XRP

Bitcoin ($BTC ) is demonstrating resilience, currently trading at $113,083 as its market capitalization stands at $2.25 trillion. Following a significant recovery from the $107,270 low, the price action is consolidating around the $113,000 area. The market faces a crucial test: maintaining position above $111,000 to confirm the bullish rebound or facing a sharp descent.
Technical Analysis: Recovery vs. Consolidation
Bitcoin's current status is a tense standoff between the recent bullish recovery and short-term consolidation, with trading volume providing mixed signals.
Daily Trend: Bitcoin is navigating a sharp recovery after its deep fall from the $124,517 peak. Strong support is anchored in the $108,000–$110,000 zone. Resistance is clustered between $118,000 and $120,000. A long entry near $111,000–$112,000 targeting the $120K psychological level remains a strategy for risk-on traders.4-Hour Trend: The price successfully rebounded from $108,652 to near $115,000, confirming buyer presence. However, price action has since settled around $113,000, suggesting consolidation. A strategic long position near $112,000–$113,000 with an exit at $115,500–$116,000 is feasible, provided the price holds above $111,000.1-Hour Micro-Trend: Price momentum is waning but is not in panic mode. A drop below $112,500 could trigger short-term turbulence toward $111,000.
Indicator and Moving Average Breakdown
Oscillators are mostly non-committal, but key momentum metrics signal underlying bearish pressure that bulls must overcome.
Oscillators Neutral: Key indicators like the RSI, Stochastic, and ADX are signaling "neutral".Bearish Momentum: Momentum indicators, including MACD (-419) and Momentum (-2,643), are flashing bearish signals, suggesting buyers may be exhausted or pausing.MAs are Divided: Short-to-mid-term Moving Averages (20-day to 50-day) are largely bearish, creating overhead resistance. Conversely, long-term 200-day MAs remain bullish, reaffirming the long-term investors' upper hand.
Bull vs. Bear Outlook
Bullish Verdict: If Bitcoin can decisively hold the $111,000 level and continue to attract buyer interest, the primary target remains the $118,000–$120,000 resistance zone. The long-term trend remains favorable.Bearish Verdict: Should Bitcoin convincingly lose the crucial $111,000 support level, the market would likely face a deeper correction, potentially heading straight toward the $108,000 zone. Momentum indicators signal that bears are ready to capitalize on any weakness.
#Binance #wendy #bitcoin $BTC

Zhimin Qian (47) has pleaded guilty at Southwark Crown Court in the UK after being accused of orchestrating a massive fraud scheme that victimized over 128,000 people in China. The UK police seized 61,000 BTC connected to the scheme, which is now valued at approximately $7 billion.

Anatomy of the Crypto Investment Scam
The fraud was executed over several years, using a bespoke cryptocurrency to illegally raise funds before converting the proceeds into untraceable Bitcoin.
Timeline and Scope: Between 2014 and 2017, Qian established a company in China to solicit investments into a private cryptocurrency, promising victims returns ranging from 100% to 300%.Money Laundering: After accumulating the funds, Qian converted the entirety of the capital into Bitcoin ($BTC ), fled to the UK, and attempted to launder the proceeds through the purchase of real estate.
Arrest and Asset Seizure
Qian was apprehended in the UK in 2018, but her guilty plea was only secured during the court hearing on September 29.
Value of Seizure: The 61,000 BTC confiscated by UK authorities at the time of her arrest is now valued at approximately $7 billion.
This case underscores the long-term risk and massive scale associated with large-scale crypto Ponzi schemes, highlighting how law enforcement's seizure of digital assets can yield exponentially higher returns for victims over time due to Bitcoin’s appreciation.
#Binance #wendy #bitcoin $BTC

XRP has entered Monday with a strong focus on volatility, trading between $2.85 and $2.928 as its market capitalization hits $171 billion and 24-hour volume holds strong at $3.95 billion. The token is currently in an accumulation phase, strategically positioned just below immediate resistance, while long-term moving averages (MAs) provide underlying support.

Technical Analysis: Recovery and Consolidation
XRP's recent price action is characterized by a strong V-shaped recovery from a low of $2.69, signaling resilience against selling pressure.
1-Hour Micro-Trend: Price action is consolidating around $2.85–$2.87. A sustained break above $2.90 is required to unlock a swift rally towards the next target. A failure to hold this level could see a swift retreat to the $2.80 mark.4-Hour Recovery: The token demonstrated significant resilience after a sharp drop to $2.69, recovering toward $2.90. Short-term support is established between $2.75–$2.80, with immediate resistance clustered around $2.95–$3.00.Daily Macro-Trend: XRP is moving within a broad channel defined by support at $2.70 and resistance at $3.38. The token’s consistent refusal to break below $2.80 suggests a mildly optimistic underlying structure.
Indicator and Moving Average Discrepancies
Technical indicators present a mixed outlook, typical of a consolidation period, though long-term MAs maintain a bullish bias.
Oscillators Neutral: Most key oscillators, including the RSI, Stochastic, and ADX, are sitting in neutral territory, providing no definitive directional signals. MACD is slightly bearish, while momentum oscillators lean positive.MAs are Divided: Short-term MAs (10, 20, and 30-period EMA/SMA) are firmly in the bearish camp, indicating short-term weakness. However, the 100- and 200-period MAs provide critical long-term support, confirming that the overall macro-trend remains bullish.
Conclusion: Bull vs. Bear Verdict
Bullish Verdict: If XRP successfully holds the $2.80 support and reclaims the $2.90 level, the setup favors a move toward $3.10 and potentially the $3.38 macro resistance. Long-term MAs structurally support this upside potential.Bearish Verdict: A decisive move below $2.80—and a break of the crucial $2.70 support—would invalidate the recent recovery, signaling a loss of control and inviting further downside pressure from short-term sellers.
#Binance #wendy #xrp $XRP

Robert Kiyipaki, the best-selling author of Rich Dad Poor Dad, has revealed his preferred investment if he only had $100: physical silver coins. Kiyosaki emphatically predicted that silver is about to "explode" and could deliver a fivefold (5x) return within a year, making it a crucial hedge against looming economic instability.
Silver as the Undervalued Asset
Kiyosaki's recommendation is rooted in his long-held belief that silver has been artificially suppressed by market manipulation for years, positioning it for a dramatic upward correction.
Investment Choice: On September 28, Kiyosaki shared on X: "If I had $100, what would I invest in? I would buy more silver coins. Silver has been manipulated for years".Price Forecast: He followed up with a bold prediction: "I predict your $100 in silver will be $500 in a year. I am buying more tomorrow. Please do not miss silver’s explosion".
Broader Strategy: Hedge Against Fiat Collapse
Kiyosaki consistently champions tangible assets as a vital safeguard against mounting debt and monetary mismanagement, which he believes is pushing the U.S. economy toward a historic crisis.
Asset Advocacy: The author has long urged his audience to prepare for a financial reset by owning real assets like gold and silver.Crypto Support: While the latest post focuses on silver, Kiyosaki remains a vocal supporter of Bitcoin ($BTC ), encouraging followers to buy it as a vital safeguard against the decline of the U.S. dollar.
Kiyosaki's latest remarks align with his broader message: investors should seek protection through physical and digital assets that stand outside the traditional fiat system to prepare for what he predicts will be a period of dramatic financial turbulence.
#Binance #wendy #bitcoin $BTC

The U.S. Securities and Exchange Commission (SEC) has issued a "no-action letter", marking a significant policy change that permits investment advisers to utilize state-chartered trust companies as qualified custodians for crypto assets. This move is expected to dramatically open up the path for institutional crypto adoption.
Overcoming Previous Custody Hurdles
The new guidance effectively lowers the regulatory barrier for crypto custody, which was previously restricted to only a few entities.
Previous Requirement: Prior regulation required client assets to be held exclusively at banks or trust companies that possessed national custody authority. Under the previous administration, few crypto-native institutions managed to clear this high bar.New Framework: The updated guidance now allows state-chartered trust companies—which can be more easily licensed after full due diligence—to serve as qualified custodians.
Implications for Institutional Adoption
This decision simplifies access to regulated crypto custody services, opening the door for major industry players and institutional funds.
Industry Beneficiaries: This regulatory clarity directly benefits major industry players, including exchanges and crypto platforms like Coinbase and Ripple, allowing them to more easily offer custodial services.Investment Funds: The change also makes it significantly more convenient for traditional investment funds and registered investment advisers to access secure, regulated crypto custody services.
The SEC’s no-action letter streamlines the custody process, fostering greater institutional participation and potentially accelerating the integration of digital assets into the mainstream financial system.
#Binance #wendy #SEC $BTC $ETH $BNB

Bitcoin ($BTC ) is trading at approximately $112,256, confirming a strong recovery from its recent late-September dip to the $107,000 region. The market is now demonstrating renewed confidence, with volume supporting the breakout from consolidation and pushing the market capitalization to $2.23 trillion.

Technical Recovery and Key Levels
Bitcoin's price action shows a classic V-shaped recovery on the 4-hour chart, with higher lows stacking up and suggesting bulls have regained control.
Bullish Confirmation: The rally is supported by strong volume, indicating increasing optimism. A decisive breakout candle on September 28 confirmed the short-term bias.Key Support: The critical support level to maintain the bullish structure is $108,500. Stronger buying interest is found in the $110,000–$111,000 range, which is ideal for potential long entries.Resistance Targets: Immediate resistance lies between $113,500 and $114,000. The ultimate target for this momentum is the upper resistance zone of $117,000 to $118,000.
Indicator Analysis: Mixed Signals and Long-Term Strength
While short-term indicators are hesitant, the long-term trend remains strongly positive.
Oscillators Neutral: Most oscillators, including the RSI (48) and Stochastic (30), are currently signaling neutral. The MACD is still flashing a bearish signal at -658, indicating not all technical pressure has subsided.Moving Averages (MAs) Divided: Short and mid-term MAs (20, 30, and 50-period) remain bearish, acting as resistance overhead. However, the long-term 200-period MAs (EMA at $106,343 and SMA at $104,609) are distinctly bullish, providing a safety net for the long-term trend.
Conclusion: Bull vs. Bear Outlook
Bullish Case: Bulls are back in the driver's seat. With confirmed breakouts and strong volume, the setup favors upside continuation. Maintaining price above $110,000 is crucial for this rally to run straight into the $117,000–$118,000 zone.Bearish Case: The bearish case relies on the conflicting MAs and the lingering MACD sell signal. A decisive slide below $108,500 would invalidate the entire short-term recovery, reopening the door to lows below $107,000. The path ahead requires validation; volume must confirm the move to establish a sustainable trend.
#Binance #wendy #bitcoin $BTC

Binance is launching an exclusive, multi-phase Booster Program for Turtle ($TURTLE) within the Binance Wallet ecosystem. The program invites eligible users to share a significant pool of 15,000,000 $TURTLE tokens, which represents 1.5% of the total supply, by completing designated tasks and supporting the project’s early development.

Program Details and Eligibility
The Turtle Booster Program is structured to incentivize participation and reward users who meet specific criteria within the Binance Wallet (Keyless) environment.
Rewards Pool: The total reward pool for the program is 15,000,000 $TURTLE tokens. Phase 1 rewards, totaling 1,100,000 $TURTLE, will be released immediately on the Token Generation Event (TGE) date.Eligibility: Participation is open exclusively to all Binance Wallet (Keyless) users who hold a minimum of 61 or more Binance Alpha Points.Activity Start: The program is set to commence on 2025-09-30 at 10:00 (UTC).
Multi-Phase Token Distribution and Vesting
The program’s distribution involves a structured, multi-phase timeline that includes a token lock-up period, which participants must be aware of.
Phase 1 (Quest Participation): Eligible users must interact with the project team and complete the designated quest requirements.Phase 2 (Token Distribution): Tokens will be distributed to successful participants according to a reward vesting schedule, which may include a lock-up period. During this lock-up period, users will not be able to claim or trade the distributed tokens.Phase 3 (Claiming and Trading): Tokens will become tradable on Binance Alpha once the project team announces the circulation date and individual rewards become claimable according to the vesting schedule.
What is Turtle?
Turtle is a liquidity distribution protocol focused on curating the best deal flow in DeFi. It connects protocols with capital by matching high-quality opportunities to a growing network of LPs, vaults, and distribution partners, aiming to optimize yield, visibility, and incentive design across multiple chains.
Users are strongly advised to Do Your Own Research (DYOR) and assess the risks associated with the lock-up period before engaging with this third-party dApp and participating in the Turtle Booster Program. Visit Binance Wallet, tap the activity banner, and ensure you have sufficient BNB and Alpha Points to participate.
#Binance #BinanceWallet #wendy #TURTLE $BNB

The U.S. financial market is gaining momentum as the SEC Crypto Working Group met with representatives from the New York Stock Exchange (NYSE) and its parent company, Intercontinental Exchange Inc. (ICE). The meeting, held on September 26, 2025, highlighted discussions on critical regulatory frameworks for tokenization, product innovation, and investor protection.
Key Focus on Regulatory Frameworks
The dialogue signifies a deepening collaboration between top financial exchanges and the primary U.S. securities regulator, aiming to establish clear supervisory guidelines for digital assets.
Discussion Subject: The central topic was identifying methods to address issues related to the regulation of cryptocurrency assets.Coordination and Derivatives: A major focus included coordinating with the CFTC on the supervision of emerging derivatives, specifically discussing the regulatory treatment of certain crypto-based products.Regulatory Flexibility: Participants explored the possibility of appropriate exemptions that could facilitate product innovation without compromising robust investor protection.
Tokenization and Market Structure
The agenda specifically addressed how the rise of tokenization challenges and redefines existing market infrastructure and regulatory concepts.
Tokenization Review: The meeting addressed the "regulatory treatment of specific tokenization models" as an area under review.Exchange Definition: Discussions also covered the interpretation of an "exchange facility" within the context of blockchain technology.Wider Impact: The talks underscored the necessary balance between providing flexibility for product issuers and ensuring effective protection for all market components.
The ongoing series of collaborative meetings, including a recent one with Vaneck, confirms the SEC's intensified focus on developing a clear, cooperative framework to integrate cryptocurrencies into the broader, regulated financial system.
#Binance #wendy #bitcoin #eth $BTC $ETH $BNB

A historically dormant Bitcoin whale address, inactive for nearly 12 years, has suddenly executed a massive transfer, moving 400.079 BTC, which is currently valued at approximately $45.6 million. The BTC, originally acquired on November 20, 2013, when the price was just $590, has realized an astonishing gain of 19,221.19%.

Anatomy of the Whale Movement
The move occurred at block height 916840 and marks the end of a dormancy period spanning 11 years, 10 months, and 9 days.
Original Value: When the 400 BTC were first stashed in 2013, the total stash was worth approximately $236,000.Movement Structure: The transfer was executed through a series of transactions involving 27 wallets, with 20 wallets sending 15 BTC each, six wallets also sending 15 BTC each, and one unique address moving 10.079 BTC to complete the total.
Market Significance
This massive movement from a long-term holder contributes to the volatility seen at the close of September.
Trend Indicator: The movement follows a recent pattern of long-dormant wallets awakening, signaling potential large-scale repositioning or liquidation from early Bitcoin holders.Implication: Such activity is closely monitored by the market, as movements of this size can impact short-term liquidity and sentiment.
The awakening of this 2013-era whale reinforces the narrative that significant portions of the Bitcoin supply remain held by long-term investors. Their activity can serve as a catalyst for market attention, even if the coins are simply being moved to new addresses for enhanced security.
#Binance #wendy #bitcoin $BTC

After a week characterized by relentless outflows, both Bitcoin (BTC) and Ether (ETH) Exchange-Traded Funds (ETFs) surged back into the green on Monday, September 29, attracting more than $1 billion in fresh capital. This robust recovery signals renewed institutional appetite for regulated crypto exposure.

Bitcoin ETFs See $522 Million Inflow
Bitcoin ETFs recorded a significant net inflow of $521.95 million, indicating a strong reversal of last week's bearish sentiment.
Fidelity Leads: Fidelity’s FBTC led the resurgence with an impressive inflow of $298.70 million.Broad Participation: Momentum was widespread, with Ark 21Shares’ ARKB ($62.18 million), Bitwise’s BITB ($47.16 million), and Grayscale’s Bitcoin Mini Trust ($47.09 million) all seeing significant capital injections.Sole Outflow: The only fund to record a loss was Blackrock’s IBIT, which saw a withdrawal of $46.64 million.Market Status: Total trading activity for BTC ETFs increased to $4.61 billion, pushing net assets up to $150.41 billion.
Ether ETFs Soar with $547 Million Inflow
Ether ETFs experienced an even stronger day, collecting $546.96 million in inflows, with every single fund closing in positive territory.
Leaders: Fidelity’s FETH ($202.18 million) and Blackrock’s ETHA ($154.20 million) led the charge.Grayscale Contributions: Grayscale’s Ether Mini Trust ($99.83 million) and ETHE ($22.77 million) both made significant contributions.Market Status: Trading volume for ETH ETFs hit $1.89 billion, and net assets increased to $27.54 billion.
The synchronous surge in capital for both Bitcoin and Ether products marks a powerful reversal from the persistent selling pressure of the prior week, suggesting institutions are aggressively re-entering the crypto market.
#Binance #wendy #bitcoin $BTC

Starknet has officially announced BTCFi, a comprehensive trilogy of initiatives designed to deeply embed Bitcoin ($BTC ) into its security and consensus layers. This groundbreaking move aims to enhance BTC's role as a global settlement asset by, for the first time on any Layer 2 (L2), allowing BTC holders to stake their assets to secure Starknet without losing custody.
BTCFi Initiative and Ecosystem Incentives
The launch focuses on integrating Bitcoin’s value and security into Starknet's infrastructure while driving immediate adoption through massive financial incentives.
Trustless Staking: BTC holders can now stake their Bitcoin to secure the Starknet network and earn rewards. The protocol already reports significant momentum with ~65,000 delegators, ~150 validators, and over 575 million $STRK staked.Incentive Program: The Starknet Foundation is launching a 100 million $STRK "BTCFi Season" incentive program. This fund will subsidize key activities such as BTC-denominated borrowing, yield strategies, and tokenized basis trades, aiming to rapidly jump-start the ecosystem.
Strategic Partnerships and Security Foundation
Starknet has secured high-profile partnerships and emphasized its core security features to build trust and facilitate institutional deployment of BTC in DeFi.
Strategic Partners: Key partners, including WBTC, Lombard, Solv, Threshold Network, LayerZero, and Re7 Capital, will work to ease DeFi access and institutional deployment for BTC.Security Focus: Starknet leverages zk-STARK security (post-quantum and requiring no trusted setup). The protocol also highlights its audited transparency, decentralized sequencers, and ongoing collaboration with BitVM teams to verify Bitcoin headers using Raspberry Pi technology, reinforcing its ambition to become Bitcoin's execution layer.
The BTCFi initiative is positioned as a major structural development in the L2 space, directly linking Bitcoin’s security with Starknet’s execution layer and offering massive incentives to drive the next wave of institutional and retail BTC integration into DeFi.
#Binance #wendy $BTC $ETH $BNB

Venezuela is emerging as a compelling case study on the power of stablecoins in distressed economies, with reports indicating that USDT disbursements by the Venezuelan government have overtaken actual U.S. dollar figures in September. This development highlights the stablecoin's role as a vital dollar proxy in a nation facing severe international sanctions.

USDT as the De Facto Dollar Proxy
The heavy reliance on USDT represents a significant shift in Venezuela’s national exchange rate regime, driven by the scarcity of foreign currency.
Currency Scarcity: Sanctions on Venezuela's oil industry—traditionally the main source of foreign currency—have made physical dollars increasingly scarce.Government Disbursals: The government has reportedly disbursed large volumes of USDT to private buyers, surpassing traditional dollar funds.Wider Adoption: USDT has rapidly become a de facto dollar proxy, integrated into private company treasuries, and used for paying suppliers and retail transactions.
The Irony of U.S. Debt and Compliance Challenges
The situation presents a high degree of geopolitical irony, as the Venezuelan economy is now indirectly supported by U.S. debt, which backs most of the USDT supply.
Centralized Risk: Despite the benefits, Tether is a centralized entity and could potentially freeze funds from sanctioned entities if ordered by the U.S. Treasury.Compliance Complexity: However, the compliance difficulty of identifying which addresses belong to the government and the potential backlash of sanctioning an entire country make this scenario unlikely.
Venezuela's case is a powerful example of how stablecoins can act as an unstoppable economic force, even becoming an "enemy's currency" in sanctioned territories, demonstrating crypto's geopolitical relevance.
#Binance #wendy #bitcoin $BTC

Qatar National Bank (QNB), the Middle East’s largest lender, has integrated JPMorgan Chase’s Kinexys blockchain platform to process corporate U.S. dollar payments. This strategic move highlights the rapid institutional adoption of blockchain technology in the Gulf region, aiming to modernize financial infrastructure and attract global capital.

24/7 Dollar Transfers in Minutes
The integration of the Kinexys system provides a significant operational upgrade for QNB's corporate clients in Qatar, dramatically improving the speed and accessibility of cross-border transfers.
Speed Enhancement: The Kinexys platform enables QNB clients to execute U.S. dollar payment transactions in as little as two minutes.24/7 Service: This capability is a significant improvement over traditional payment systems, which often take several days and are restricted to weekdays, offering a continuous 24/7 service window.Executive Confirmation: Kamel Moris, EVP of transaction banking at QNB, confirmed that the platform "can ensure payments as fast as two minutes".
Strategic Context and Regional Modernization
QNB's embrace of blockchain aligns with the broader regional effort to diversify economies beyond oil and enhance competitiveness for international investment.
Global Partnership: The move allows QNB to deepen its collaboration with global partners like JPMorgan to solidify its financial infrastructure.Attracting Capital: Faster and cheaper payment systems are seen as key to attracting international investors and capital flows as regional economies seek diversification.Kinexys Scale: JPMorgan’s Kinexys platform, originally launched in 2019, now processes approximately $3 billion in daily transactions, demonstrating its growing operational scale.
QNB's integration of JPMorgan’s blockchain technology marks a crucial step in the institutional validation of decentralized ledger technology for high-volume, cross-border corporate payments.
#Binance #wendy $BTC $ETH $BNB

Qatar National Bank (QNB), the Middle East’s largest lender, has integrated JPMorgan Chase’s Kinexys blockchain platform to process corporate U.S. dollar payments. This strategic move highlights the rapid institutional adoption of blockchain technology in the Gulf region, aiming to modernize financial infrastructure and attract global capital.
24/7 Dollar Transfers in Minutes
The integration of the Kinexys system provides a significant operational upgrade for QNB's corporate clients in Qatar, dramatically improving the speed and accessibility of cross-border transfers.
Speed Enhancement: The Kinexys platform enables QNB clients to execute U.S. dollar payment transactions in as little as two minutes.
24/7 Service: This capability is a significant improvement over traditional payment systems, which often take several days and are restricted to weekdays, offering a continuous 24/7 service window.
Executive Confirmation: Kamel Moris, EVP of transaction banking at QNB, confirmed that the platform "can ensure payments as fast as two minutes".
Strategic Context and Regional Modernization
QNB's embrace of blockchain aligns with the broader regional effort to diversify economies beyond oil and enhance competitiveness for international investment.
Global Partnership: The move allows QNB to deepen its collaboration with global partners like JPMorgan to solidify its financial infrastructure.
Attracting Capital: Faster and cheaper payment systems are seen as key to attracting international investors and capital flows as regional economies seek diversification.
Kinexys Scale: JPMorgan’s Kinexys platform, originally launched in 2019, now processes approximately $3 billion in daily transactions, demonstrating its growing operational scale.
QNB's integration of JPMorgan’s blockchain technology marks a crucial step in the institutional validation of decentralized ledger technology for high-volume, cross-border corporate payments.
#Binance #wendy $BTC $ETH $BNB