Coins.ph said it has joined the Circle Payments Network to facilitate faster and more cost-efficient cross-border payments into the Philippines for institutions, enterprises and individual users.
As a beneficiary financial institution on the network, the Philippine crypto-native platform provides payout capabilities across more than 120 local banks and e-wallets. The integration aims to streamline settlement into Philippine pesos through blockchain-powered infrastructure.
The partnership seeks to modernize global value movement into the country. Financial institutions on the network can now access near-instant settlement and direct local currency distribution.
For end users, including overseas Filipino workers and their families, the infrastructure is expected to result in lower fees, competitive exchange rates and real-time access to funds.
“Joining Circle Payments Network makes the Philippine peso a native part of the internet economy,” Coins.ph chief executive Wei Zhou said.
“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,” he said.
Circle senior vice president of product management, payments Irfan Ganchi said the integration strengthens local payout capabilities in one of the most dynamic markets in Southeast Asia.
“By enabling PHP payouts through CPN, Coins.ph helps institutions deliver real-time, compliant settlement,” Ganchi said.
Established in 2014, Coins.ph is licensed by the Bangko Sentral ng Pilipinas as a virtual asset marketplace and mobile wallet. Circle Payments Network, operated by Circle Technology Services, connects financial institutions globally to facilitate digital asset integration and settlement.
