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Looking for the best cryptocurrency wallet in the Philippines? Coins.ph is your all-in-one solution!
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Coins.ph CEO Wei Zhou Urges Local Leaders to Eliminate the ‘Invisible Tax’ of Payment Inefficiency at PCL National Congress
Coins.ph, the Philippines’ leading digital asset platform and one of the fastest-growing mobile wallets, recently took center stage at the 2026 Philippine Councilors League National Congress and 1st Quarterly Continuing Local Legislative Education Program to advocate for the digital transformation of local governance. Addressing thousands of local legislators, Coins.ph CEO Wei Zhou challenged local government unit (LGU) leaders to modernize public collection systems to meet the "new expectation" of instant service. He highlighted a significant shift in consumer behavior, noting that digital payments now account for 57.4 % of retail payment volume in the Philippines, based on a 2024 report by the Bangko Sentral ng Pilipinas. Zhou identified administrative friction as an "invisible tax" that drains vital resources from communities. He explained that this friction leads to significant time lost for both citizens and government staff who must navigate slow, manual processes. He noted that relying on outdated systems necessitates manual reconciliation and often results in delayed financial reporting and warned that physical cash management carries inherent handling risks that digital systems inherently mitigate. “Even a 1% inefficiency in a ₱500 million revenue base equals ₱5 million,” Zhou stated. “We must ask ourselves: How many scholarships is that? How many classrooms could that build? How many families could be supported? Small percentages become real consequences.” The Surge of Digital Adoption Zhou added that the shift toward digital payments is evidenced by the massive growth in interoperable systems. He noted, for example, that the monthly QR Ph transactions processed by Coins grew from ₱559 million to ₱29.95 billion within 12 months in 2025. This shift suggests that citizens are already equipped with digital tools and are waiting for government services to catch up with their private-sector experiences. Empowering LGUs Through Digital Integration Zhou offered Coins.ph as a battle-tested partner for LGUs looking to bridge this gap. Digital collections and payments can specifically help LGUs optimize several key areas of governance: * Revenue Collection: Streamlining the payment of business permits and real property taxes (LGU taxes) reduces queues at City Hall and improves collection rates. * Public Assistance: Utilizing digital rails for the disbursement of aid and social services ensures that funds reach beneficiaries instantly and transparently. * Operational Continuity: Digital infrastructure acts as "continuity infrastructure," allowing payments to flow even when physical offices are closed due to typhoons, flooding, or power outages. * Efficiency and Trust: Moving away from 45-minute manual processes to 15-second digital transactions directly improves an LGU's reputation and fosters public trust. Proven Infrastructure for Government Coins.ph provides a robust, BSP-regulated infrastructure with 12 years of operating experience and a massive user base of 18 million registered users. The platform processes an average of 140 million monthly transactions with a highly reliable 99.9% uptime and minimal 50ms API latency. With integrations across over 120 banks and e-wallets, the system is built for the scale and interoperability required by government institutions. "Modernization will happen; the question is timing," Zhou concluded. "Design decisions are leadership decisions. I invite our local leaders to lead this change and make public services more efficient, resilient, and inclusive for every Filipino". About Coins.ph Coins.ph is an all-in-one financial app for millions, seamlessly fusing traditional finance with digital assets. Established in 2014, it stands as the Philippines' premier cryptocurrency exchange. Licensed by the BSP as both a virtual asset marketplace and a mobile wallet, the platform empowers users to trade, and execute payments all in one secure place.
BTC Fee Rebate Week – 50% Off Trading Costs
Markets move fast. Opportunities last longer this time. For one full week, we’re reducing the cost of trading BTC so you can accumulate, rebalance, or position yourself with lower friction. Enjoy a 50% rebate on BTC trading fees and Convert costs across both Convert and Spot. No tiers. No minimum volume. Just consistently lower costs on every eligible BTC trade during the promo period. Whether you are building your position for the long term or taking advantage of short-term volatility, this is your chance to trade BTC more efficiently, now with more time to act. Promo Period: March 4, 8PM SGT to March 11, 2026 8PM SGT How It Works 1. Trade BTC via Convert and/or Spot during the promo period. 2. All successfully executed BTC trades automatically qualify. 3. Users receive a 50% rebate on eligible Spot trading fees and Convert costs incurred during the promo window. 4. Rebates will be credited in BTC within 15 business days after the promo ends. 5. There is no minimum trading volume required, the rebate applies to all eligible BTC trades executed within the campaign period. Eligibility * Applies strictly to BTC Convert and Spot transactions. * For Spot, only executed maker and taker orders qualify. * In the case of partially filled Spot orders, only the executed portion during the promo period will be included. * Cancelled, unfilled, or failed transactions are not eligible. * Corporate, institutional, and KYB accounts are not eligible unless otherwise stated Terms and Conditions 1. This promo applies only to BTC Convert and Spot trades executed during the promo period. 2. Rebates are calculated based on eligible Spot trading fees and Convert costs incurred during the promo period. 3. Only executed Spot maker and taker orders qualify. In the case of partially filled Spot orders, only the portion executed during the promo period will be included. Cancelled, unfilled, or pending portions will not be counted. 4. All successfully executed Convert trades automatically qualify. 5. Corporate, institutional, and KYB accounts are not eligible to participate unless otherwise stated. 6. Wash trading, self-trading, or any form of market manipulation is strictly prohibited. Coins.ph reserves the right to disqualify any participant engaging in abusive or fraudulent activity. 7. Rebates will be credited in BTC within 15 business days after the promo ends. Coins.ph reserves the right to modify, suspend, or cancel this promo at its sole discretion.
BTC Trading Fee Flash Sale ⚡
Markets move fast. Opportunities do too. For a limited time, we are reducing the cost of trading BTC so you can accumulate, rebalance, or position yourself with lower friction. Enjoy a 70% rebate on BTC trading fees and Convert costs across both Convert and Spot. No tiers. No minimum volume. Just significantly lower costs on every eligible BTC trade during the promo period. Whether you are building your position for the long term or taking advantage of short term volatility, this is your chance to trade BTC more efficiently. Promo Period: February 25, 8PM SGT to February 28, 8PM SGT How It Works 1. Trade BTC via Convert and/or Spot during the promo period. 2. All successfully executed BTC trades automatically qualify. 3. Users receive a 70% rebate on eligible Spot trading fees and Convert costs incurred during the promo window. 4. Rebates will be credited in BTC within 15 business days after the promo ends. 5. There is no minimum trading volume required. The rebate applies to all eligible BTC trades executed within the campaign period. Eligibility * Applies strictly to BTC Convert and Spot transactions. * For Spot, only executed maker and taker orders qualify. * In the case of partially filled Spot orders, only the executed portion during the promo period will be included. * Cancelled, unfilled, or failed transactions are not eligible. * Corporate, institutional, and KYB accounts are not eligible unless otherwise stated Terms and Conditions 1. This promo applies only to BTC Convert and Spot trades executed during the promo period. 2. Rebates are calculated based on eligible Spot trading fees and Convert costs incurred during the promo period. 3. Only executed Spot maker and taker orders qualify. In the case of partially filled Spot orders, only the portion executed during the promo period will be included. Cancelled, unfilled, or pending portions will not be counted. 4. All successfully executed Convert trades automatically qualify. 5. Corporate, institutional, and KYB accounts are not eligible to participate unless otherwise stated. 6. Wash trading, self-trading, or any form of market manipulation is strictly prohibited. Coins.ph reserves the right to disqualify any participant engaging in abusive or fraudulent activity. Rebates will be credited in BTC within 15 business days after the promo ends. Coins.ph reserves the right to modify, suspend, or cancel this promo at its sole discretion.
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