JPMorgan Chase has expanded its blockchain-based payments system, JPM Coin, to introduce euro-denominated payments for corporate clients, Bloomberg reported. The German company Siemens made the first Euro payment on the platform. JPM Coin, launched by JPMorgan Chase in 2019, is used to transfer U.S. dollars. JPM Coin allows wholesale payment clients such as large multinational corporations to transfer dollars or euros into and out of their various JPMorgan accounts around the world, using the blockchain to make payments to the bank's other clients.