Coins.ph has expanded its QRPh crypto payment functionality to include Bitcoin and Ethereum, extending a system that already supports stablecoin payments such as USDT.

The integration allows users to make payments at an estimated 700,000 QRPh-enabled merchants across the Philippines by scanning the national QR code standard developed by the Bangko Sentral ng Pilipinas.

At checkout, crypto balances are automatically converted into Philippine pesos, eliminating the need for manual conversion beforehand.

The expansion follows Coins.ph’s earlier rollout of QRPh-compatible crypto payments, which introduced USDT support within the national QR infrastructure.

The initial launch generated significant transaction activity and marked the first time a digital wallet in the Philippines enabled direct crypto payments through the country’s national QR code framework.

With stablecoins serving as a core part of the system, users can move between fiat and digital assets within a single checkout flow.

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.”

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.

This is particularly relevant in the Philippines, one of the world’s largest remittance markets, receiving around $38 billion in annual inflows.

Stablecoins are increasingly being used for cross-border transfers, allowing recipients to hold value in digital dollars and spend it directly within the local economy without additional conversion steps.

The addition of Bitcoin and Ethereum expands the range of supported assets within the same payment infrastructure while maintaining a unified checkout experience focused on real-world usability.

Coins.ph operates as a licensed Virtual Asset Service Provider and Electronic Money Issuer under BSP regulation.

QRPh is the country’s national QR code standard, designed to support secure and interoperable payments across financial institutions and merchants.

The Philippines is considered one of the leading markets globally for cryptocurrency adoption, with estimates suggesting more than 15 million users, or roughly 13.4% of the population.

The post Coins.ph adds Bitcoin, Ethereum payments via Philippines QR payment network appeared first on Invezz

Bitcoin price in Telegram @btc_price_every_hour

93 +