Coins.ph, the Philippines’ largest crypto exchange and one of the fastest-growing digital wallet platforms, has announced a major partnership with global remittance service provider BCRemit to enhance how overseas Filipinos send money home.
For years, overseas Filipinos have been burdened by the high costs of traditional remittance channels, which typically charge fees of 5% to 10% of the transaction amount, on top of hidden markups in exchange rates.
These slow transfers often take days to settle, further reducing the final amount received by families.
Starting November 1, 2025, Filipinos in the United Kingdom, the European Union, the US, and Canada can bypass these inefficiencies.
Thanks to a new stablecoin-powered payment corridor from Coins.ph and BCRemit, they can now send money to the Philippines instantly and at a fraction of the cost—saving up to 80% or more compared to traditional bank transfer fees.
The technology behind the stablecoin rails is straightforward. When a sender initiates a transfer through BCRemit’s web or app, the sender’s currency (€, £, or $) is instantly converted into a stablecoin like USDC or USDT—a form of digital money with a fixed, stable value.
This stablecoin then travels across a high-speed blockchain network.
Once it reaches the Philippines, Coins.ph instantly converts it back into Philippine pesos (PHP) and deposits the funds directly into the recipient’s Coins.ph web or app account.
The recipient can then move the funds into their preferred e-wallet or bank account.
This process allows recipients to receive money in minutes, unlike traditional remittance methods that can take three to five days. It also removes multiple banking intermediaries, enabling recipients to keep more of the remitted funds.
In 2026, Coins.ph and BCRemit plan to roll out a QR Payment Collection feature for outbound remittances. This will allow senders to pay via QR, facilitating outbound payments from the Philippines back to the UK, Europe, the US, and Canada.
The partnership is grounded in regulatory compliance, with both Coins.ph and BCRemit licensed by the Bangko Sentral ng Pilipinas (BSP). Coins.ph is registered as both a Virtual Currency Exchange (VCE) and an Electronic Money Issuer (EMI), while BCRemit holds a Money Service Business license.
“This collaboration with BCRemit completely aligns with our mission to make innovative digital finance accessible to every Filipino,” said Wei Zhou, Coins.ph Chief Executive Officer. “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.”
“Millions of Filipino workers and their families across the UK, Europe, the US, and Canada deserve a remittance solution that matches the speed and efficiency of the modern digital economy,” said Oliver Calma, Founder and CEO of BCRemit. “Our partnership with Coins.ph delivers exactly that: a new stablecoin-powered rail that instantly benefits these millions.”
Calma added that the upcoming integration of the QR Payment Collection feature will be “a huge leap,” creating a full financial bridge that enables both inbound and outbound remittances while keeping more hard-earned money in the hands of Filipino families.
To start sending remittances powered by stablecoin technology, create a BCRemit account and experience near-instant deposits with a fully verified Coins.ph web or app account. Visit www.coins.ph or www.bcremit.com for more details.
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