Then He took the cup, and gave thanks, and gave it to them, saying, “Drink from it, all of you. For this is My blood of the new covenant, which is shed for many for the remission of sins.”
Listen to the "Verse by Verse" episode covering this scripture.
It was Jesus’ intent that each year as Christians drink this small glass of red wine that it would serve as a vivid reminder that His blood—His life—was poured out for us.
This helps to impress on us the reality of the enormous price that was necessary to pay to forgive our sins—the death of the Son of God!
Christians remember the New Covenant that we made with God at baptism every year as we take the Passover. The New Covenant allows God to write His laws on our hearts, and it provides forgiveness of our sins and a promise of eternal life (Hebrews 8:8-12; 9:15).
Study more about sin and Christ’s shed blood for our forgiveness in our Fundamental Beliefs “6. Sin and God’s Law” and “7. The Sacrifice of Jesus Christ.” See also our article “Seven Last Sayings of Jesus.”