Fiat currency · PHP

Philippine Peso on U.CASH

The Philippine peso is the currency of one of the world's great remittance economies: over a hundred million people, with millions working abroad sending money home every month. Those corridors are exactly where crypto settlement competes with slow, expensive legacy transfers.

Rails settle it at checkout; pegged tokens settle it on-chain. Both live on the same non-custodial U.CASH checkout.

Philippine Peso at a glance

Code
PHP
Symbol
₱
Local rail
None in the set
Pegged tokens
0

Rails that settle PHP

Peso checkouts can offer SWIFT for bank transfers and cards through your own Stripe or Verifone account; the crypto rails settle the remittance-shaped flows on-chain.

SWIFT

International. Manual rail, no processor account.

Stripe

Worldwide. Card processing via your own account.

Verifone (2Checkout)

Worldwide. Card processing via your own account.

Pegged tokens on U.CASH

No peso stablecoin trades on U.CASH today. For the corridors, USDT and USDC settle around the clock at the checkout's FX rate.

No PHP-pegged token trades on U.CASH today. Card rails and the crypto assets cover checkout settlement.

How to accept PHP at checkout

Step 01

Open a checkout

A store, a payment link, or an embedded checkout on U.CASH Pay lists what buyers can pay with. Card processing covers PHP buyers through your own processor account.

Step 02

Set your prices in PHP

Your prices stay denominated in Philippine Peso. The checkout derives the crypto amount live at payment time when a buyer pays with a digital asset, and the PHP figure is what your ledger reconciles against.

Step 03

Get paid

Card buyers settle through your processor. Each payment arrives with its reference and transaction detail in the record.

Step 04

Settle your way

Hold receipts, convert them on a schedule, or pay out through the rails that reach your bank. Nothing about the currency choice locks the treasury path.

The PHP rails compared

Reach, flow mode, and what each rail asks of the buyer, from the rail registry.

Bank
SWIFT · Global by nature · Manual flows · Reference per order. U.CASH charges nothing on the SWIFT rail. Sender and intermediary banks take their own fees, which vary by co…
Card
Stripe · Global by nature · Automatic flows · Not required. U.CASH charges nothing on top: you pay Stripe's processing fees, and Stripe's payout schedule applies. Connec…
Card
Verifone (2Checkout) · Global by nature · Automatic flows · Not required. U.CASH charges nothing on top: you pay Verifone's processing fees on your own account terms, and Verifone's p…
Bank
SWIFT · Essentially every banking system · For corridors the local rails do not cover

A practical composition for a Philippine Peso merchant: the local rail wins domestic transactions on cost and speed, cards cover the buyers who reach for plastic, and cross-border settlement rides conversion or SWIFT depending on the corridor. Offer all of them from one checkout and let each payment find its natural path; the invoice stays in PHP whichever leg carries it.

The on-chain alternative

No PHP-pegged token trades on U.CASH today, so on-chain settlement for Philippine Peso runs through conversion: the buyer pays a liquid crypto asset and the checkout converts at payment time, with the PHP amount carried as the invoice's denomination. The card rails cover buyers who prefer traditional payment; SWIFT covers the bank-to-bank path between accounts.

Where it settles

Countries served by the Philippine Peso rails on U.CASH.

Philippines

Philippine Peso: FAQ

Can I accept Philippine peso payments?
Yes: SWIFT delivers pesos to a Philippine account, and cards clear PHP through both processors on the same checkout as the crypto rails.
Why does the peso matter for remittances?
The Philippines receives tens of billions of dollars a year from workers abroad, and the corridors prize exactly what crypto settlement offers: speed, low fees, and around-the-clock availability.
How do I price PHP when buyers pay crypto?
Price in Philippine Peso and let the checkout derive: the invoice carries the PHP figure, the buyer's wallet sees the crypto equivalent at live rates, and your ledger reconciles against the PHP denomination. The currency of record never changes.
Can I settle PHP without a local rail?
Yes, two roads: cards through your own processor account for traditional buyers, or conversion settlement where the buyer pays a liquid crypto asset against a PHP-denominated invoice. SWIFT covers bank-to-bank between accounts.
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PHP, rails and chains

Bank rails for the checkout, pegged tokens for on-chain settlement, one non-custodial platform.