Coins.ph adds Bitcoin and Ethereum to Philippines QR payments – Crypto News – Crypto News
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Coins.ph adds Bitcoin and Ethereum to Philippines QR payments Coins.ph adds Bitcoin and Ethereum to Philippines QR payments

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Coins.ph adds Bitcoin and Ethereum to Philippines QR payments – Crypto News

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  • Coins.ph adds BTC and ETH payments to the Philippines QRPh system.
  • Users can spend crypto at 700,000 QRPh-enabled merchants.
  • Stablecoins remain key for remittances and daily crypto payments.

Coins.ph has expanded its QRPh crypto payment functionality to support Bitcoin and Ethereum transactions, broadening the use of digital assets within the Philippines’ national QR payment infrastructure.

The Manila-based crypto 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).

The expansion builds on Coins.ph’s earlier rollout of QRPh-compatible stablecoin payments, which introduced support for USDT earlier this year.

Under the system, crypto balances are automatically converted into Philippine pesos during checkout, allowing users to pay merchants directly without manually converting digital assets into local currency beforehand.

Coins.ph estimates that the integration enables crypto payments across approximately 700,000 QRPh-enabled merchants throughout the country.

Crypto payments expand within national QR infrastructure

The latest update broadens the range of cryptocurrencies supported within the Philippines’ existing QR payment ecosystem.

QRPh serves as the 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 crypto payments into the national QR infrastructure through stablecoin support.

The company said the earlier USDT rollout generated substantial transaction volume and demonstrated growing consumer demand for crypto-based payments integrated into everyday financial activity.

With the addition of Bitcoin and Ethereum, Coins.ph is now extending access to two of the world’s largest cryptocurrencies while maintaining the same checkout experience used for stablecoin payments.

The company said the process allows users to scan QRPh codes at merchants while the system automatically converts crypto into Philippine pesos in real time.

Stablecoins remain central to remittance use cases

Coins.ph said stablecoins continue to play a key role within the broader payment infrastructure, particularly given the Philippines’ position as one of the world’s largest remittance markets.

The country receives approximately $38 billion in annual remittance inflows, according to the company.

Stablecoins have increasingly become part of cross-border payment flows, allowing recipients to receive and hold digital dollar-denominated assets before converting or spending them locally.

Coins.ph said the QRPh integration enables users to move between fiat currency and digital assets within a single payment flow, removing additional conversion steps that are often required in crypto transactions.

The addition of Bitcoin and Ethereum broadens supported payment assets while preserving what the company described as a unified payment experience focused on practical daily use.

Coins.ph highlights broader crypto adoption growth

Coins.ph operates as a licensed Virtual Asset Service Provider and Electronic Money Issuer under BSP regulation.

The Philippines remains one of the fastest-growing crypto markets globally. According to estimates cited by the company, the country now has more than 15 million crypto users, representing roughly 13.4% of the population.

Wei Zhou, CEO of Coins.ph, said:

“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.”

Coins.ph said its broader platform combines digital assets, payments infrastructure, remittances, foreign exchange services, investments, and treasury products into a unified financial ecosystem designed to support both businesses and consumers.

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