Coins.ph adds Bitcoin and Ethereum to QR payments in the Philippines

Coins.ph adds BTC and ETH payments to the Philippines QRPh system. Users can withdraw crypto at 700,000 QRPh enabled merchants. Stablecoins remain the key to sending and receiving daily crypto payments.

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

The Manila-based crypto platform announced that users can now pay merchants nationwide with Bitcoin (BTC) and Ethereum (ETH) via QRPh, a national QR code standard developed by the Bangko Sentral ng Pilipinas (BSP).

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

Under the system, crypto balances are automatically converted into Philippine pesos upon check-out, allowing users to pay merchants directly without manually converting digital assets into the local currency.

Coins.ph estimates that the merger will enable crypto payments at about 700,000 QRPh-enabled merchants across the country.

Crypto payments will expand in the national QR infrastructure.

The latest update expands the number of cryptocurrencies supported in the QR payment ecosystem in the Philippines.

QRPh serves as 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 crypto payments with the support of Stablecoin into the national QR infrastructure.

The company noted that the previous release of USDT resulted in high transaction volume and growing user demand for crypto-based payments integrated with everyday financial activities.

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

The company says the process allows users to scan QRPh codes at merchants, and the system will instantly convert crypto to Philippine pesos.

Stablecoins remain central to remittances.

According to Coins.ph, stablecoins continue to play a key role in the broader payments infrastructure, especially in the Philippines, which is one of the world's largest remittance markets.

The country earns about $38 billion in annual remittances, the company said.

Stablecoins are becoming part of cross-border payment flows, allowing recipients to receive and hold digital dollar-denominated assets before transferring or withdrawing them within a country.

Coins.ph's QRPh integration allows users to move between fiat currency and digital assets in a single payment flow, eliminating the extra conversion steps often required in crypto transactions.

The addition of Bitcoin and Ethereum expands the range of payment assets supported by the company as a unified payment experience focused on practical everyday use.

Coins.ph shows the growth of wider crypto adoption

Coins.ph operates as a licensed virtual asset service provider and electronic money issuer under BSP regulations.

The Philippines remains one of the fastest growing crypto markets globally. According to estimates by the company, the country now has more than 15 million crypto users, which represents 13.4 percent of the population.

Coins.ph CEO Wei Zhu said:

Following the introduction of USDT payments to the financial landscape of the Philippines, the addition of new tokens to our QRPH crypto payment feature is a huge success. We're not just adding new tokens, we're redefining what a digital wallet does. This is the future of finance and we are making the world's most popular cryptocurrencies a practical part of Filipinos' daily lives.

Coins.ph said the comprehensive platform integrates digital assets, payment infrastructure, remittances, foreign exchange services, investments and treasury products into one unified financial ecosystem designed to support both businesses and consumers.