Coins.ph adds Bitcoin and Ethereum to QRPh payments in Philippines

Coins.ph announced on May 19 that its QRPh payment feature now accepts Bitcoin (BTC) and Ethereum (ETH) alongside its existing stablecoin option [2]. The upgrade means users can scan a QRPh code at any of the roughly 700,000 participating merchants and have their crypto automatically converted to Philippine pesos at checkout, eliminating the need for a manual conversion step.

The move builds on Coins.ph’s earlier rollout of USDT payments, which the company says generated “substantial transaction volume” and proved demand for everyday crypto use [2]. By adding the two largest cryptocurrencies by market cap, Coins.ph aims to broaden the appeal of its digital wallet while preserving the seamless checkout experience that stablecoin users enjoy. The platform handles the fiat conversion in real time, so merchants receive pesos and users never see the intermediate exchange rate.

Coins.ph positions the expansion within the broader context of the Philippines’ remittance-driven economy. With annual inflows of about $38 billion, stablecoins have become a popular bridge for cross‑border payments, allowing recipients to hold dollar‑denominated assets before converting them locally [2]. The new BTC and ETH support extends that utility, offering an alternative to stablecoins for users who prefer the native assets of the crypto market.

Regulated as a Virtual Asset Service Provider and Electronic Money Issuer by the Bangko Sentral ng Pilipinas, Coins.ph’s integration of crypto into the national QRPh standard underscores the regulator’s openness to digital‑asset payments [2]. The company estimates that the added tokens will be usable at the same 700,000 QRPh‑enabled merchants, effectively turning the country’s QR payment network into a multi‑asset platform.

If the upgrade drives significant adoption, Coins.ph could become a key conduit for crypto transactions in a market that already boasts over 15 million users—roughly 13.4 % of the population [2]. The real test will be whether merchants and consumers embrace BTC and ETH payments at scale, or if stablecoins remain the dominant bridge between fiat and crypto in everyday transactions.