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- Coins.ph has added Bitcoin and Ethereum to its QRPh crypto payment system in the Philippines.
- Users can now pay nearly 700,000 QRPh merchants, and the crypto is converted to Philippine pesos upon checkout.
Coins.ph is expanding crypto payments in the Philippines further stablecoins. The Manila-based platform said it added Bitcoin and Ethereum support for its QRPh payments, expanding the system that already allows users to spend USDT through the international standard QR code.
Bitcoin and Ethereum join the QRPh payment system
Integration allows Money.ph Users to scan QRPh numbers at nearly 700,000 merchants across the country and pay using crypto currencies. At check-out, the goods are converted to Philippine pesos, so users do not need to sell crypto manually before paying.
This fact is important. For crypto payments to work in a traditional retail environment, the process must feel close to a traditional wallet. Traders want pesos. Clients can hold USDT, Bitcoin or Ethereum. The payment section must deal with the silent conversion on the ground.
Coins.ph launched the first crypto payment that is compatible with QRPh and USDT support earlier this year. This implementation brought stablecoins into the global payment system that are already used in everyday transactions. Adding Bitcoin and Ethereum expands the base of the economy, but the basic principle remains the same: crypto should be used using existing rails, not just modified.
Stablecoins remain important in the use of remittances
The Philippines is one of the world’s largest remittance markets, with an annual turnover of approximately 38 billion dollars. This makes stablecoins very important. Recipients can receive the value in digital dollars, save them, and now spend money through local merchants without going through several conversion steps.
Bitcoin and Ethereum work a little differently. They are volatile, but remain two of the most popular cryptoassets in the world. Their integration gives users flexibility and can help convert crypto to people holding BTC or ETH.
Coins.ph CEO Wei Zhou said the company is not just adding new tokens, but “redefining what a digital wallet can do.” He called the move to make cryptocurrencies “an active part of everyday Filipino life.”
Coins.ph operates as a Virtual Asset Service Provider and Electronic Money Issuer under the supervision of the Bangko Sentral ng Philippines. The control center is important in the market where the adoption of crypto is very early, and it is estimated to show more than 15 million users. The next test is that crypto payments become a permanent habit, not just a headache.
