JPMorgan recently introduced euro-denominated payments for its corporate clients with its JPM Coin blockchain payment system.
The system went live with its euro transactions last week, and the first payment in euros on its platform was carried out by the German company Siemens.
JPM Coin was originally launched in 2019 for dollar payments with the aim of offering clients a payment rail that uses blockchain. It allows large multinational clients to transfer money between accounts with the bank around the world and make payments to one another via blockchain technology rather than traditional payment methods.
So far, it has processed around $300 billion worth of transactions using JPM Coin. However, this is just a fraction of the firm’s daily transaction volume of almost $10 trillion via conventional banking methods.
The system allows customers to make payments around the clock and executes them faster than traditional transactions, which are only processed during business hours in most cases. It also allows customers to initiate payments that are not due yet.
The head of Coin Systems for Europe, the Middle East and Africa for JPMorgan, Basak Toprak, said: “There are cost benefits to paying at the right time. This could mean they could earn more interest income on their deposits.”
When JPMorgan introduced its system in 2019, it was the first major American bank to introduce its own digital token. Announcing the dollar-denominated coin in a blog post, they explained that the JPM coin was “not money per se.”
“It is a digital coin, representing United States dollars, held in designated accounts at J.P. Morgan Chase N.A. In short, a JPM Coin always has a value equivalent to one U.S. dollar. When one client sends money to another over the blockchain, JPM Coins are transferred and instantaneously redeemed for the equivalent amount of U.S. dollars, reducing the typical settlement time,” they clarified.
JPMorgan Chase fined $4 million by SEC for deleting subpoenaed emails
The move comes as JPMorgan Chase faces a $4 million fine by the U.S. Securities and Exchange Commission over its mismanagement of internal communications. The bank was accused in 2019 of deleting 47 million emails belonging to its retail banking group during the first four months of 2018; securities laws stipulate that financial firms are required to keep their business records for at least three years.
The emails, many of which were sought by subpoenas in a series of regulatory investigations, were permanently deleted and could not be recovered. Some of the lost emails could also be related to other impending legal matters and investigations in the future. They came from the inboxes of around 7,500 employees in JPMorgan’s retail banking sector.
The bank has stated that it is taking steps to avoid similar situations in the future. It agreed to sanctions from the SEC and instituted a new retention coding system to prevent mistakenly deleting emails. Any employees who try to delete emails must now obtain approval from superiors before proceeding.
The latest incident marks the third time the bank agreed to a punishment for its failure to comply with electronic record preservation regulations. They also agreed to pay $125 million in penalties for their failure to preserve text messages and other types of electronic communication related to banking transactions that were sent between 2018 and 2020. Back in 2005, they were hit with $700,000 in penalties for not saving electronic records from 1999 to 2002.
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Three Reasons a Coffee Gift Set From This Christian Company Is Perfect for Christmas
When you’re searching for a Christmas gift that’s meaningful, useful, and rooted in faith, you don’t want to settle for anything generic. This season is filled with noise — mass-produced products, last-minute picks, and trends that fade as quickly as they appear. But one gift stands apart because it blends genuine quality with a message that matters: a coffee gift set from Promised Grounds Coffee.
This small Christian-owned company has become a favorite among believers who want to support faith-driven businesses while giving friends and family something they’ll actually enjoy. Here are three reasons a Promised Grounds Coffee gift set may be the most thoughtful and impactful present you give this year.
1. It’s Truly Delicious Coffee
Too many “gift-worthy” coffees look beautiful in the package but disappoint when the cup is poured. Promised Grounds takes the opposite approach — exceptional taste first, thoughtful presentation second.
Their beans are sourced with care, roasted in small batches, and crafted to bring out a rich, smooth flavor profile that appeals to both casual drinkers and true coffee lovers. Whether someone enjoys bold, dark roasts or lighter, more delicate blends, every sip reflects quality that stands shoulder-to-shoulder with the biggest specialty brands.
Simply put: this coffee is good. Really good. Some say it’s absolutely fantastic. If you want a gift that won’t be re-gifted, ignored, or shoved in a cabinet, this is it.
2. It Spreads the Word While Serving a Real Purpose
There are many Christian gifts that are meaningful… but not exactly practical. There are also useful gifts that have nothing to do with faith. Promised Grounds Coffee bridges both worlds beautifully.
Each gift set delivers an encouraging, faith-centered message through its packaging and presentation — a simple but powerful reminder of God’s goodness during the Christmas season. The cups are especially popular and serve as a daily reminder of the blessings from our Lord. At the same time, the product itself is something people will actually use and appreciate every single day.
It’s a gift that uplifts the spirit and fills the mug. A gift that points loved ones toward Scripture while still being part of the normal rhythm of life. And in a culture that increasingly pushes faith to the margins, giving a gift that quietly but confidently honors Christ can make a deeper impact than you might expect.
3. It’s Affordable, Valuable, and Elegantly Presented
Many people want to give something meaningful without breaking their Christmas budget. Promised Grounds Coffee strikes that perfect balance — the sets look and feel premium, but the price remains accessible.
The packaging is classy, clean, and gift-ready, making it ideal for:
- Family members of all ages
- Co-workers or employees
- Church friends or small-group leaders
- Hosts, neighbors, and last-minute gift needs
It’s the kind of gift that feels more expensive than it is — and more thoughtful than most of what you’ll find on store shelves.
The Perfect Blend of Faith, Flavor, and Christmas Cheer
A coffee gift set from Promised Grounds Coffee checks every box: a gift that tastes amazing, conveys your faith, supports a Christian business, and brings daily enjoyment to the person who receives it. In a season when so many gifts are forgotten, this one stands out for all the right reasons.
If you want a Christmas present that reflects your values and delivers genuine joy, Promised Grounds Coffee is the perfect place to start.
mosIsn’t this an illegal transaction?