Coins.ph has expanded its QRPh-enabled crypto payment system to support Bitcoin (BTC) and Ethereum (ETH), building on its earlier integration of stablecoins such as Tether.
The update allows users to make payments at approximately 700,000 merchants across the Philippines that support QRPh, the national QR code standard developed by the Bangko Sentral ng Pilipinas. Transactions are completed by scanning a QR code, with crypto balances automatically converted into Philippine pesos at checkout, eliminating the need for users to manually convert funds in advance.
This rollout follows the company’s earlier launch of QRPh-compatible payments using USDT, which marked the first instance of a digital wallet in the country enabling direct crypto payments within a national QR infrastructure. That initial deployment generated notable transaction volumes and introduced stablecoins into a system already widely used for everyday payments.
Stablecoins remain central to the payment flow, enabling users to move between fiat and digital assets within a single transaction. This functionality is particularly relevant in the Philippines, a major global recipient of remittances, with annual inflows estimated at around $38 billion. Digital dollar-denominated assets have increasingly been used for cross-border transfers, allowing recipients to retain value in stablecoins and spend funds locally without additional conversion steps.
By adding BTC and ETH, Coins.ph is broadening the range of supported digital assets while maintaining a consistent payment experience designed for everyday use.
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 operates as a licensed Virtual Asset Service Provider and Electronic Money Issuer under BSP oversight. QRPh serves as a national standard for interoperable and secure digital payments across financial institutions and merchants.
The Philippines continues to rank among the more active crypto markets globally, with estimates suggesting more than 15 million users, or roughly 13.4% of the population.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice
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