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Local crypto exchange and digital wallet platform Coins.ph partnered with global remittance service provider BCRemit to launch a stablecoin-powered remittance service aimed at making money transfers faster and more affordable for Filipinos overseas.
Coins.ph x BCRemit
In a media statement, Coins.ph shared that the initiative, starting November 1, 2025, will allow Filipinos in the United Kingdom, European Union, United States, and Canada to send money to the Philippines using stablecoins such as USDC and USDT.
The firms noted that the partnership allows users to remit funds in minutes and can save up to 80% in transfer costs compared to traditional banking channels.
“This collaboration with BCRemit completely aligns with the company’s mission to make innovative digital finance accessible to every Filipino. By integrating stablecoin rails into remittances, we’re unlocking near real-time, low-cost transfers that give overseas Filipinos and their families more value, transparency, and financial freedom.”
Wei Zhou, Chief Executive Officer, Coins.ph
Coins.ph and BCRemit also expressed a plan to roll out a QR-payment collection feature in 2026, enabling outbound payments from the mentioned countries.
“Looking ahead, the planned integration of QR-Payment Collection early next year will be a huge leap, enabling not only inbound flows but also outbound remittances, truly creating a full financial bridge that keeps more hard-earned money in the hands of Filipino families.”
Oliver Calma, Founder and Chief Executive Officer, BCRemit
Accordingly, the media release highlighted that both firms are licensed by the Bangko Sentral ng Pilipinas: Coins.ph operates as a virtual asset service provider and electronic money issuer, while BCRemit is registered as a money service business.
How It Works?
Under the new system, the firms stated that when a sender initiates a transfer through BCRemit’s website or mobile app, their local currency (€, £, or $) is automatically converted into a stablecoin such as USDC or USDT. The stablecoin is then transmitted across a blockchain network in real time.
Upon arrival in the Philippines, Coins.ph converts the stablecoin back into Philippine pesos (PHP) and credits the recipient’s Coins.ph account. The recipient can then withdraw or transfer the funds to a preferred e-wallet or bank account.
“This process allows recipients to receive the money in minutes, unlike traditional remittance methods that can sometimes take three to five days. It also cuts out multiple traditional bank intermediaries, allowing recipients to receive more out of the remitted funds.”
Coins.ph
How to Make an Account with BCRemit
For the users to be able to use the new service, senders must create a BCRemit account and ensure their Coins.ph account is fully verified, the firms clarified.
Step 1: Open the website or download the BCRemit App
Step 2: Tap the “Sign Up” or “Register” button to begin the registration process.
Step 3: Enter basic information.
Step 4: Verify email or phone number.
Once verified, users can transfer funds through debit card, credit card, or bank transfer.
Recently, Coins.ph appointed Amira Alawi as its new Global Marketing Director to lead the company’s international expansion and oversee its upcoming global platform, Coins.xyz.
- Alawi will focus on unifying brand strategy, driving partnerships, and promoting financial inclusion across key markets in Asia, Australia, Brazil, and Africa.
The firm also launched a limited-time promotion, reducing the USDT/PHP trading spread to just 0.03% for high-volume traders via its TradeDesk platform.
- Running from October 15 to December 15, 2025, the initiative aims to attract professional and institutional traders by offering lower costs and deeper liquidity for transactions of at least ₱1 million.
Earlier in October, Coins.ph launched Coins Webpay, an online payment platform that enables merchants to accept instant payments via the Coins.ph wallet on their websites or mobile apps.
- As part of the rollout, the company is offering a three-month fee waiver to qualified merchants, with plans to expand the platform’s features to include cards, mobile wallets, in-store payments, and cryptocurrency transactions.
This article is published on BitPinas: At 80% Lower Cost: Coins.ph and BCRemit Launch Stablecoin Remittance Service for Filipinos Abroad
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