MANILA, Philippines — In a move highlighting its growing role in modern financial infrastructure, Coins.ph — one of the country’s leading crypto-native financial services platforms — has been featured by Fintech News Philippines following its recent integration into the Circle Payments Network (CPN).
The integration marks a significant milestone for Coins.ph, enabling the platform to act as a beneficiary financial institution (BFI) within CPN, a global payments network built on blockchain rails that facilitates faster, more cost-efficient cross-border payouts.
By joining the Circle Payments Network, Coins.ph now provides direct settlement into Philippine Pesos (PHP) across its extensive network, which includes more than 120 local banks and e-wallets. This blockchain-powered setup aims to modernize cross-border value movement, offering near-instant settlement and reduced costs compared with legacy international payment channels.
For everyday users and institutions alike, the integration promises lower transaction fees, competitive foreign-exchange rates, and real-time visibility of payment status — improvements that could especially benefit Overseas Filipino Workers (OFWs), their families, businesses, and other global enterprises that regularly send funds into the Philippines.
“We’re helping to modernize how value moves into the Philippines by reducing the costs and delays often associated with legacy cross-border infrastructure,” said Wei Zhou, CEO of Coins.ph, emphasizing the strategic importance of CPN for the Philippine digital economy.
CPN’s framework — developed to connect banks, payment service providers, and fintechs — uses regulated stablecoins and blockchain settlement to streamline global payouts without relying on traditional correspondent banking systems.
As a result of this partnership, Coins.ph’s feature in Fintech News Philippines highlights not just a strategic alliance with a global payments platform, but also a broader shift in the fintech landscape toward real-time digital value movement — with the Philippine Peso increasingly becoming “native” to the internet economy.
Published by Banx Network. This article is part of the Banx decentralized media programme, powered by the BXE token on the XRP Ledger.
