Coins.ph, the leading crypto platform in the Philippines, has expanded its QR-code crypto payment network in the country, adding support for Bitcoin (BTC) and Ethereum (ETH).
The update continues the trend set by the platform’s earlier integration of Tether ($USDT) and brings further payment variety to around 700,000 merchants.
At the core of the update is, of course, QRPH, the country’s standardized QR payment system developed under the Bangko Sentral ng Pilipinas (BSP), which automatically converts crypto into Philippine pesos at the point of sale.
“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,” Wei Zhou, CEO of Coins.ph, told Finbold.
Stablecoin payments in the Philippines
As mentioned, the latest expansion is another step in the company’s plan to make stablecoin payments more viable in the Philippines.
The initial launch of the system introduced $USDT into the national QR infrastructure and recorded strong early transaction activity, as it helped make licensed Philippine wallets viable for direct crypto spending through unified national channels.
“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,” Zhou added.
For now, stablecoins remain central to the model, which is hardly surprising considering the market is shaped by large remittance inflows. More precisely, the Philippines receives roughly $38 billion annually in remittances.
As a result, digital assets, such as $USDT, are an increasingly popular option when moving value across borders before being spent locally without additional conversion steps.
What’s more, the Philippines remains one of the most active crypto markets in the world, with more than 15 million people, or roughly 13.4% of the population, making use of digital currencies.
Featured image via Shutterstock
