Coins.ph Expands QRPH Crypto Payments to Bitcoin and Ethereum

Published: 2026-05-20 13:53:48 |

Coins.ph, a major Philippines crypto platform, has expanded its QR-code payment network to support Bitcoin (BTC) and Ethereum (ETH) alongside existing stablecoin support. The update adds new tokens to Coins.ph’s QRPH crypto payments feature, where crypto is converted into Philippine pesos at the point of sale via the BSP-standardized QR system (QRPH). Coins.ph said the rollout targets about 700,000 merchants. The company positions this as the next step after its earlier USDT integration into the national QR infrastructure, which it linked to strong early transaction activity and easier in-store crypto spending. Stablecoins remain central to the model, in line with the Philippines’ large remittance inflows—about $38 billion annually. This flow supports demand for digital assets used to move value across borders before spending locally with fewer conversion steps. Coins.ph also cited the country’s active crypto user base: more than 15 million people (about 13.4% of the population). For traders, the news is primarily about payment rails and real-world access rather than a protocol or supply change. Still, adding BTC/ETH to QRPH could gradually broaden spending demand for major assets in a high-usage market like the Philippines.

Bullish

This is a market-structure positive, not a macro or tokenomics catalyst. Coins.ph expanding QRPH crypto payments to include BTC and ETH can incrementally increase real-world use of major coins in the Philippines, where crypto engagement and remittance-driven on/off ramps are already large. Similar to past waves where exchanges or wallet providers added direct payments or merchant coverage (often boosting short-term sentiment around the included assets), the immediate effect is usually sentiment-driven rather than fundamentals-changing. Short-term: traders may see a mild demand narrative for BTC/ETH, especially if headlines trigger “payments adoption” flows or index/spot rotation. Long-term: if merchant penetration grows and QRPH conversion smooths user experience, it can support steadier utility demand, which tends to be more durable than one-off promo activity. However, stablecoins (USDT) remain central, so upside for BTC/ETH may be gradual rather than explosive, keeping overall market impact likely moderate.