The move—announced at the YGG Play Summit—comes through an expanded partnership with Coins.ph and could make PHPC spendable at more than 600,000 QRPH-enabled merchants nationwide, pending regulatory approval, Coins.ph said in a press release.
Why it matters
QRPH is one of the most widely used digital payment rails in the Philippines, powering billions of transactions annually.
The Philippines has rapidly shifted toward cashless payments, with digital transactions now accounting for 57.4 percent of all retail payments, according to the Bangko Sentral ng Pilipinas (BSP).
Person-to-merchant digital payments have also surged to 66.4 percent, signaling broad consumer adoption and readiness for new digital payment formats.
At the same time, the Philippines remains a global remittance powerhouse, receiving $40.2 billion in 2024. Stablecoins tied to local currency—like PHPC—could streamline the movement of value across borders and into daily spending.
The details
PHPC is a Philippine peso–backed stablecoin on Ronin, launched in July 2024 through the BSP sandbox. Each PHPC is designed to mirror the value of one peso, with reserves managed by Coins.ph, a BSP-regulated virtual asset service provider.
Once all required permits are secured, PHPC could be seamlessly used through QRPH “by 2026,” said Coins.ph CEO Wei Zhou.
“Anyone will be able to pay with PHPC simply by scanning a QR code through Ronin Wallet… with the unprecedented speed and security of on-chain value,” he added.
Big picture
Ronin is expanding beyond its gaming roots—where millions of Filipinos first engaged with Web3—to support payments, savings, and remittances across the Asia-Pacific region. The Philippines, long the center of the Axie Infinity community, is emerging as the testing ground for that shift.
Sky Mavis co-founder Jeffrey Zirlin said the PHPC-QRPH integration “completes the loop,” connecting in-game earnings with real-world spending.
What’s next
Pending regulatory clearance, Ronin Wallet could soon evolve from a gaming hub into a daily financial tool—where users play, earn, pay, and save. Updates on PHPC QRPH payments will be released through the official Coins.ph Facebook page and the Ronin X account. —Ed: Corrie S. Narisma
