- Coins.ph adds BTC and ETH payments to Philippine QRPh system.
- Users can spend their cryptocurrency at 700,000 QRPh supported merchants.
- Stablecoins remain the core of remittances and daily cryptocurrency payments.
Coins.ph has expanded its QRPh cryptocurrency payment functionality 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 make payments to 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 initial launch of QRPh-compatible stablecoin payments earlier this year, which introduced support for USDT.
Under this system, cryptocurrency balances are automatically converted to Philippine pesos upon payment, allowing users to pay merchants directly without having to manually convert their digital assets to their local currency beforehand.
Coins.ph estimates that the integration will enable cryptocurrency payments at approximately 700,000 QRPh-enabled merchants nationwide.
Expanding cryptocurrency payments within national QR infrastructure
The latest update expands the range of cryptocurrencies supported within the existing QR payments 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 QR infrastructure with stablecoin support.
The company said the initial USDT launch generated significant trading volume and demonstrated growing consumer demand for cryptocurrency-based payments integrated into everyday financial activities.
With the addition of Bitcoin and Ethereum, Coins.ph is now expanding access to two of the world’s largest cryptocurrencies while maintaining the same payment experience used for stablecoin payments.
The company said the process allows users to scan a QRPh code at a store and the system can automatically convert cryptocurrencies to 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’ position as one of the world’s largest remittance markets.
According to the company, the country receives approximately $38 billion in annual remittance inflows.
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 will allow users to move between fiat and digital assets within a single payment flow, eliminating the additional conversion steps often required for cryptocurrency transactions.
The addition of Bitcoin and Ethereum expands the supported payment assets while maintaining what the company describes as a unified payment experience focused on real, everyday use.
Coins.ph highlights the growth of widespread cryptocurrency adoption.
Coins.ph operates as a licensed virtual asset service provider and electronic currency issuer under BSP regulations.
The Philippines remains one of the fastest growing cryptocurrency markets globally. According to estimates cited by the company, there are currently more than 15 million cryptocurrency users in the country, accounting for about 13.4% of the population.
Coins.ph CEO Wei Zhou said:
“Adding a new token to the QRPH cryptocurrency payments feature is a major achievement in the groundbreaking introduction of USDT payments to the Philippine financial landscape. We are not just adding a new token, we are redefining what a digital wallet can do. This is the future of finance and we are making the world’s most popular cryptocurrency a functional part of everyday life in the Philippines.”
Coins.ph said its extensive platform combines digital assets, payments infrastructure, remittances, foreign exchange services, investments and government bond products into an integrated financial ecosystem designed to support both businesses and consumers.