On April 21, 2026, 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 through QRPh-enabled payment terminals in the Philippines.
QRPh, known as the National QR Code Standard, is a QR code system developed by the Bangko Sentral ng Pilipinas (BSP) and adopted in the country to facilitate quick, secure, and compatible financial transactions. It is based on the Europay-Mastercard-VISA (EMV) standard. It has been used to ensure safety and consistency in digital payments for banks and non-bank electronic money issuers (EMIs) in the Philippines.
First Crypto-Funded Payments Across Merchants
By linking stablecoin balances directly to QRPh, Coins.ph makes itself the first e-wallet (electronic wallet or digital wallet) in the Philippines to enable cryptocurrency-funded payments at a scale across mainstream merchants.
The launch of the QRPh functionality by Coins.ph is important because it marks another step in bringing cryptocurrency closer to the everyday transactions of Filipinos. Instead of manually converting cryptocurrency assets into cash before making purchases, Coins.ph users can now use stablecoins directly during checkout through the widely used QRPh payment system.
The functionality, called QRPh Crypto Payment, enables users to transact using stablecoins such as USDT directly using the Coins.ph app. The company said the service works for all merchants that accept QRPh. This ranges from small retail stores to larger establishments nationwide.
Payments Can Be Made Pesos, Crypto, Or a Combination
Coins.ph says users of the app can choose between three payment methods during transactions: paying the full transaction in pesos, paying the full transaction in cryptocurrency, or paying the transaction partially in pesos and partially in crypto in one payment.
Since the rollout last April, the platform has supported USDT as its stablecoin payment asset. Because USDT is pegged to the U.S. dollar, Coins.ph said it offers crypto-based transactions that are less volatile compared to other virtual assets.
In a statement, Coins.ph said the QRPh payment feature can be used at almost 700,000 merchants in the Philippines that support QRPh transactions. The company also shared that it was able to process nearly PHP 30 billion in QRPh payments in December 2025 alone, highlighting growing adoption of digital payments in the Philippines.
“This initiative is part of Coins.ph’s broader effort to make crypto more usable in everyday life,” said Wei Zhou, chief executive of Coins.ph. “We want to simplify transactions for users who need the flexibility of being able to pay in peso, or crypto or both.”
Coins.ph has reassured that in failed crypto transactions, the cryptocurrency balance used in the payment is automatically returned in the converted amount, reverting the digital assets to the user’s wallet. Refunds, on the other hand, are processed back in Philippine pesos.
Steps to Use QRPh Crypto Payment Feature
To use the QRPh Crypto Payment feature in the Coins.ph app:
- Scan the QR code at any QRPh-enabled establishment.
- Input and confirm the amount you’re about to pay in the Coins.ph app.
- Select the available asset balance you want to pay with (e.g. you can choose Philippine pesos (PHP) or USDT as the virtual payment asset).
- Confirm payment.
- If your PHP balance is insufficient, you have the option to make a payment in pesos combined with cryptocurrency.
- For combined payment, select the crypto asset balance you want to use to cover the remaining amount. You can also see the current rate of the crypto asset to PHP.
- Confirm the details of your payment. If you have selected a crypto asset or combined payment, make sure to review the rate and click Confirm convert and pay button.
- Enter the verification code.
- The transaction will be processed in the Coins.ph app.
- Wait until the Coins.ph app confirms the transaction has been successful.
The new QRPh feature of Coins.ph removes the inconvenience of converting cryptocurrency into cash before paying for purchases. Instead of manually selling virtual assets first and converting them into Philippine pesos, users can now seamlessly use their crypto balance to pay for items directly through the Coins.ph app.
DOPAY Digital Wallets and Crypto Wallets
Compared to Coins.ph, DOPAY is a relatively new app. DOPAY, through its parent company WIBS PHP INC., is regulated by the Bangko Sentral ng Pilipinas (BSP) and has licenses as an Electronic Money Issuer (EMI) and as a Virtual Asset Service Provider (VASP).
Powered by blockchain technology, DOPAY provides payment, remittance, and financial accessibility through electronic money issuance with its E-Wallet and cryptocurrency exchange with its Crypto Wallet.
DOPAY is an easy-to-use and convenient app that safeguards your information and your money through the policies and procedures required by the BSP.
Though DOPAY has not yet launched a version of the app that allows point-of-sale payments to merchants using crypto, DOPAY does make it easier for families of Overseas Filipino Workers (OFWs) to receive remittances in the form of cryptocurrency. Through the global account features of the DOPAY app, OFWs can send cryptocurrency to the crypto wallets of their families in the Philippines. This allows the families of OFWs to save money on fees and to experience more convenience in the remittance process.
Download the DOPAY app today!
