Coins.ph Launches QRPh Crypto Payments in the Philippines
Coins.ph introduced a new payment feature that has allowed users to send payments to merchants using Philippine pesos, crypto stablecoins, or a combination of both
Coins.ph introduced a new payment feature that has allowed users to send payments to merchants using Philippine pesos, crypto stablecoins, or a combination of both
The BSP has renewed its warning to the public not to deal with unauthorized virtual asset service providers (VASPs), saying that crypto users who deal with them carry the risk of asset loss and bankruptcy.
In the Philippines there are currently two regulators that govern the issuances of licenses to cryptocurrency provders and exchanges: the Bangko Sentral ng Pilipinas and the Securities and Exchange Commission
As of 2025, more than a third of Filipinos have used digital wallets as their first financial product. The previous year, almost 60% of all payments done in the Philippines are done through digital channels.
Maya, a financial technology company, and Lydian, a digital asset infrastructure provider, announced a collaboration to enable digital asset payments such as in crypto for Philippine merchants.
The restructuring effort for Coinbase is aimed to transition the company into a “lean, fast, and AI-native” operation.