Coins.ph, the Philippines’ leading crypto-native financial services platform, has joined Circle Payments Network (CPN) to enable faster, more cost-efficient cross-border payments into the Philippines for institutions, platforms, enterprises and end users.
As a beneficiary financial institution (BFI) on CPN, Coins.ph provides payout capabilities across its local network of over 120 local banks and e-wallets, streamlining settlement into Philippine Pesos (PHP) through compliant, blockchain-powered rails.
Modernizing Cross-Border Value Movement
This integration aims to simplify and modernize global value movement into the Philippines. Financial institutions across CPN can now benefit from near-instant settlement and direct local currency distribution via Coins.ph.
For end users, including Overseas Filipino Workers (OFWs) and their families, as well as enterprises, this infrastructure translates to lower fees, competitive FX rates, and near-instant access to funds. Real-time payment status updates also provide transparency throughout the process.
“Joining Circle Payments Network makes the Philippine Peso a native part of the internet economy,” said Wei Zhou, CEO of Coins.ph. “Through this integration, we’re helping to modernize how value moves into the Philippines by reducing the costs and delays often associated with legacy cross-border infrastructure, while improving the speed and predictability of local payouts.”
“Coins.ph’s integration with CPN strengthens local payout capabilities in the Philippines,” said Irfan Ganchi, SVP of Product Management, Payments at Circle. “By enabling PHP payouts through CPN, Coins.ph helps institutions deliver real-time, compliant settlement in one of Southeast Asia’s most dynamic markets, supporting our shared vision for a more inclusive and interoperable financial system.”
