- Coins.ph adds BTC and ETH payments to the QRPh system in the Philippines.
- Users can spend cryptocurrencies at 700,000 merchants that support QRPh.
- Stablecoins remain essential for remittances and everyday cryptocurrency payments.
Coins.ph has expanded its QRPh cryptocurrency payment functionality to support Bitcoin and Ethereum transactions, expanding the use of the digital asset within the Philippines’ national QR payment infrastructure.
The Manila-based cryptocurrency platform announced on May 19 that users can now pay merchants nationwide using Bitcoin (BTC) and Ethereum (ETH) through QRPh, the national QR code standard developed by the Bangko Sentral ng Pilipinas (BSP).
This expansion builds on Coins.ph’s previous launch of QRPh-compatible stablecoin payments, which introduced support for USDT earlier this year.
Under the system, cryptocurrency balances are automatically converted into Philippine pesos during checkout, allowing users to pay merchants directly without manually converting digital assets to the local currency beforehand.
Coins.ph estimates that the integration enables cryptocurrency payments across nearly 700,000 QRPh-enabled merchants across the country.
Cryptocurrency payments are expanding within the national QR code infrastructure
The latest update expands the range of cryptocurrencies supported within the current QR payment ecosystem in the Philippines.
QRPh is a national QR code standard designed to enable interoperable digital payments between financial institutions and merchants across the country.
Earlier this year, Coins.ph became the first digital wallet provider in the Philippines to integrate direct cryptocurrency payments into the national rapid response infrastructure by supporting stablecoins.
The previous USDT offering generated significant transaction volume and demonstrated growing consumer demand for cryptocurrency-based payments integrated into daily financial activity, the company said.
With the addition of Bitcoin and Ethereum, Coins.ph now expands access to two of the world’s largest cryptocurrencies while maintaining the same payment experience used in stablecoin payments.
The process allows users to scan QRPh codes at merchants while the system automatically converts cryptocurrencies into Philippine pesos in real-time, the company said.
Stablecoins remain key in remittance use cases
Stablecoins continue to play a key role within the broader payments infrastructure, especially given the Philippines’ status as one of the world’s largest remittance markets, Coins.ph said.
The country receives approximately $38 billion in annual remittance inflows, according to the company.
Stablecoins are increasingly becoming part of cross-border payment flows, allowing recipients to receive and hold dollar-denominated digital assets before transferring or spending them domestically.
Coins.ph said the QRPh integration enables users to move between fiat currencies and digital assets within a single payment flow, eliminating additional conversion steps often required in cryptocurrency transactions.
The addition of Bitcoin and Ethereum expands the supported payment assets while maintaining what the company described as a unified payment experience focused on practical, everyday use.
Coins.ph highlights the growth in broader adoption of cryptocurrencies
Coins.ph operates as a licensed virtual asset service provider and e-money issuer under BSP regulation.
The Philippines remains one of the fastest growing cryptocurrency markets globally. According to estimates cited by the company, the country now has more than 15 million cryptocurrency users, representing about 13.4% of the population.
Wei Chu, CEO of Coins.ph, said:
“Adding new tokens to our QRPH cryptocurrency payments feature is a great achievement after the historic introduction of USDT payments to the Philippine financial landscape. We are not just adding new tokens, we are redefining what a digital wallet can do. This is the future of finance in action, and we are making the world’s most popular cryptocurrencies a functional part of Filipino daily life.”
Coins.ph said its broader platform brings together digital assets, payments infrastructure, remittances, foreign exchange services, investments and treasury products into a unified financial ecosystem designed to support both businesses and consumers.
