Coins.ph has expanded its QRPh-enabled cryptocurrency payment system to include Bitcoin (BTC) and Ethereum (ETH), building on an earlier integration of stablecoins such as Tether (USDT). The update allows users to complete purchases at approximately 700,000 QRPh-compatible merchants across the Philippines by scanning the national QR code standard developed by the Bangko Sentral ng Pilipinas (BSP).
During checkout, crypto balances are automatically converted into Philippine pesos, removing the need for manual pre-conversion. This rollout follows the landmark introduction of USDT payments within QRPh, which marked the first time a digital wallet in the country enabled direct crypto spending through the nation’s QR infrastructure. That initial launch generated significant transaction volumes and introduced stablecoins into a payment framework already widely used for daily expenses.
Stablecoins continue to serve as a core part of the system, letting users move seamlessly between fiat and digital assets within a single transaction flow. The addition of BTC and ETH broadens the range of supported digital assets while maintaining a unified checkout experience focused on real-world usability.
Wei Zhou, CEO of Coins.ph, stated: “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.”
The development is especially relevant for the Philippines, one of the world’s largest remittance markets with around $38 billion in annual inflows. Digital dollar-denominated assets are increasingly used for cross-border transfers, enabling recipients to hold value in stablecoins and spend directly without extra conversion steps. Coins.ph operates as a licensed Virtual Asset Service Provider and Electronic Money Issuer under BSP oversight, and the Philippines ranks among the most active crypto markets globally, with estimates suggesting more than 15 million users, or roughly 13.4% of the population.
