Blockchain network Ronin and crypto platform Coins.ph are moving to bring stablecoin payments into the country’s mainstream digital commerce ecosystem, announcing plans to enable PHPC payments via QRPH, the Philippines’ national QR code standard.
Once regulatory approvals are secured, the integration will allow PHPC holders to pay at more than 600,000 QRPH-enabled merchants nationwide directly through the Ronin Wallet.
The development, unveiled at the YGG Play Summit, signals Ronin’s push to expand beyond gaming and bring real-world financial utility — payments, savings, and remittances — to Web3 users across Asia-Pacific.
Rising digital adoption and remittances fuel fintech growth
The move comes at a time when digital payments continue to gain momentum in the Philippines.
Data from the Bangko Sentral ng Pilipinas (BSP) shows that digital transactions accounted for 57.4% of all retail payments in 2024, surpassing the national target. Person-to-merchant digital payments also reached 66.4%, reflecting strong consumer adoption of QR and mobile wallet systems across the country.
At the same time, the Philippines remains one of the world’s largest remittance markets, receiving more than US$40.2 billion in 2024. This combination of high digital payments usage and steady remittance inflows positions the country as a key market for blockchain-powered financial services.
Coins.ph CEO Wei Zhou said enabling PHPC payments through QRPH could mark a pivotal change in how Filipinos use digital assets.
“Once we secure the necessary permits, the integration of PHPC into the QRPH network by 2026 would be a game-changer,” Zhou said. “Users will be able to pay with PHPC by scanning a QR code via Ronin Wallet — just like any leading mobile wallet — while benefiting from the speed and security of on-chain value.”
PHPC, a Philippine peso–backed stablecoin launched in 2024 under the BSP’s regulatory sandbox, maintains a 1:1 peg with the peso. Coins.ph manages its liquidity and reserves as a licensed virtual asset service provider.
Ronin shifts from gaming toward real-world utility
For Ronin, the integration is part of a broader strategy to extend the network’s relevance beyond Web3 gaming. The Philippines has long served as one of Ronin’s strongest communities, with millions using Ronin Wallet since the rise of Axie Infinity.
Sky Mavis Co-Founder Jeffrey Zirlin said the partnership with Coins.ph bridges Web3 activity with real-world financial use cases. “This integration completes the loop foreshadowed back when merchants began accepting SLP and AXS during the 2021 pandemic,” Zirlin noted.
“Soon, millions of Ronin Wallet users will have a seamless way to convert in-game value into real-world spending,” he added.
The companies said the rollout of PHPC QRPH payments will remain subject to regulatory approval and ongoing compliance review.
Users can follow updates on the official Coins.ph Facebook page and the Ronin X account.
