Coins.ph has widened the footprint of crypto payments in the Philippines by adding Bitcoin (BTC) and Ethereum (ETH) to its QRPh checkout feature, the Manila-based platform announced on May 19. The move extends the company’s earlier integration of USDT stablecoin payments and brings two of the world’s largest cryptocurrencies into the country’s national QR payment ecosystem.
What this means at checkout
Users of Coins.ph can now scan QRPh — the Bangko Sentral ng Pilipinas’ (BSP) national QR code standard — at merchants around the country and pay with BTC or ETH. Behind the scenes, the app automatically converts crypto balances into Philippine pesos in real time, so merchants receive fiat and consumers don’t have to manually swap assets before paying. Coins.ph says the integration reaches roughly 700,000 QRPh-enabled merchants nationwide.
Building on stablecoin momentum
This expansion follows Coins.ph’s earlier rollout of USDT payments, which the company said produced substantial transaction volume and demonstrated consumer appetite for crypto-based everyday payments. That initial integration reportedly made Coins.ph the first digital wallet provider in the Philippines to enable direct crypto payments within the national QR infrastructure.
Stablecoins and remittances
Stablecoins remain central to many use cases in the Philippines, a country that receives about $38 billion in annual remittances. Coins.ph highlights stablecoins’ role in cross-border flows—recipients can get dollar-pegged digital assets and then convert or spend locally—while the QRPh integration smooths movement between fiat and digital assets in a single payment flow, removing extra conversion steps.
Regulatory footing and market context
Coins.ph operates as a licensed Virtual Asset Service Provider (VASP) and Electronic Money Issuer (EMI) under BSP regulation. The company points to rapid local crypto adoption: an estimated 15 million crypto users in the Philippines, roughly 13.4% of the population, making it one of the fastest-growing markets globally.
Company view
Wei Zhou, CEO of Coins.ph, framed the expansion as more than a token add-on: “The addition of new tokens to our QRPh crypto payments feature is a great achievement following the landmark introduction of USDT payments for the Philippine financial landscape. We aren’t just adding new tokens; we are redefining what a digital wallet can do. This is the future of finance in action and we’re making the world’s most popular cryptocurrencies a functional part of the Filipino daily life.”
Platform strategy
Coins.ph says the feature is part of a broader ecosystem that combines digital assets, payments infrastructure, remittances, forex services, investments, and treasury products into a single platform aimed at both consumers and businesses.
Why it matters
By folding BTC and ETH into QRPh payments with automatic fiat conversion, Coins.ph reduces friction for everyday crypto spending and gives merchants a low-risk way to accept digital assets. If adoption follows the USDT rollout’s momentum, the update could accelerate crypto’s integration into routine commerce across the Philippines.
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