Coins.ph adds BTC and ETH payments to the Philippines’ QRPh system. Users can spend their cryptocurrencies at 700,000 QRPh-compatible merchants. Stablecoins remain important for remittances and daily cryptocurrency payments.
Coins.ph has expanded its QRPh crypto payment capabilities to support Bitcoin and Ethereum transactions, expanding the use of digital assets 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 Bank of the Philippines (BSP).
This expansion builds on Coins.ph’s early rollout of QRPh-compatible stablecoin payments, which introduced support for USDT earlier this year.
The system automatically converts crypto balances into Philippine Pesos at checkout, allowing users to pay merchants directly without having to manually convert their digital assets to local currency first.
Coins.ph estimates that this integration will enable cryptocurrency payments at approximately 700,000 QRPh-enabled merchants nationwide.
Cryptocurrency payments expand within national QR infrastructure
The latest update expands the range of cryptocurrencies supported within the existing QR payments ecosystem in the Philippines.
QRPh serves as a national QR code standard designed to enable interoperable digital payments between financial institutions and merchants nationwide.
Earlier this year, Coins.ph became the first digital wallet provider in the Philippines to integrate cryptocurrency payments directly into the country’s QR infrastructure through stablecoin support.
The company said previous USDT deployments generated significant transaction volumes and demonstrated growing consumer demand for crypto-based payments integrated into everyday financial activities.
With the addition of Bitcoin and Ethereum, Coins.ph is expanding 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 a QRPh code at a participating merchant and the system automatically converts cryptocurrencies into Philippine Pesos in real-time.
Stablecoins remain central to remittance use cases
Coins.ph said stablecoins continue to play an important role within the broader payments infrastructure, especially given the Philippines’ status as one of the world’s largest remittance markets.
According to the company, annual remittance inflows into the country are about $38 billion.
Stablecoins are increasingly part of cross-border payment flows, allowing recipients to receive and hold digital dollar-denominated assets before exchanging or using them domestically.
Coins.ph said the QRPh integration will allow users to move between fiat currencies and digital assets within a single payment flow, eliminating the need for additional conversion steps often required in crypto transactions.
The addition of Bitcoin and Ethereum expands the range of payment assets supported while maintaining what the company says is a unified payments experience focused on practical, everyday use.
Coins.ph highlights growth in widespread cryptocurrency adoption
Coins.ph operates as a licensed virtual asset service provider and e-money issuer under BSP regulations.
The Philippines remains one of the fastest growing crypto markets in the world. According to estimates cited by the company, the country currently has more than 15 million cryptocurrency users, representing about 13.4% of the population.
Wei Zhou, CEO of Coins.ph said:
“The addition of new tokens to our QRPH cryptocurrency payment capabilities is a great achievement following the groundbreaking introduction of USDT payments in the Philippine financial landscape. We are not just adding new tokens, we are redefining what can be done with digital wallets. This is the future of finance in action, and we are making the world’s most popular cryptocurrency a functional part of Filipino daily life.”
Coins.ph said its extensive platform is an integrated financial ecosystem designed to support both businesses and consumers, combining digital assets, payment infrastructure, remittances, foreign exchange services, investments, and financial products.
