Ronin, the blockchain developed by Sky Mavis, is preparing to bring stablecoin payments into the Philippine mainstream through an integration that will allow PHPC (the peso-backed stablecoin launched by Ronin) to be used across the country’s QR payment network (QRPH).
The move, enabled through a deepened partnership with local crypto platform Coins.ph, would make the stablecoin spendable at more than 600,000 QRPH-enabled merchants, pending regulatory approval.
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The plan was announced at the YGG Play Summit and represents Ronin’s broader push to expand beyond gaming into digital payments, savings, and remittances across Asia Pacific.
QRPH is the backbone of the Philippines’s rapidly expanding digital payments ecosystem. Data from the Bangko Sentral ng Pilipinas (BSP) shows that digital payments now account for 57.4 per cent of all retail transactions, while 66.4 per cent of person-to-merchant payments have already shifted online.
The Philippines also remains one of the world’s largest remittance destinations, receiving more than US$40.2 billion in 2024. Ronin and Coins.ph believe that this combination of high digital adoption and large capital inflows presents strong potential for on-chain payment rails.
“Once we secure the necessary permits, the integration of PHPC into the QRPH network by 2026 would be a game-changer. Soon, anyone will be able to pay with PHPC simply by scanning a QR code through Ronin Wallet, just like with other leading mobile wallets, but with the unprecedented speed and security of on-chain value,” said Wei Zhou, CEO of Coins.ph.
PHPC, launched in July 2024 under the BSP sandbox, is a Philippine peso-backed stablecoin with reserves managed by Coins.ph, a regulated virtual asset service provider.
Ronin previously outlined plans to support payments and remittances across Asia Pacific, positioning the Philippines — a long-standing hub of Web3 gaming — as a proving ground for real-world blockchain utility.
“This integration completes the loop that was foreshadowed back when merchants began accepting SLP and AXS for goods during the 2021 pandemic. Millions of Ronin Wallet users in the Philippines will soon have a seamless way to transmute in-game items and tokens into food, transportation costs, and the necessities of daily life,” said Jeffrey Zirlin, co-founder of Sky Mavis.
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Ronin Wallet, which today serves millions of users within the Axie Infinity ecosystem, is expected to broaden into payments, savings, and other financial use cases once PHPC becomes interoperable with QRPH. All deployment timelines remain subject to regulatory clearance.
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