More than 400 small businesses in PH now accept Bitcoin payments

Digital payment platform Pouch.ph is helping more local merchants join the new frontier of digital economy.

A payment fintech launched in 2021 is transforming the landscape of the Philippine digital economy by enabling more than 400 small businesses to accept and process Bitcoin payments. Pouch.ph is tapping into the country’s vast pool of tiny merchants—from mom-and-pop stores to boutique hotels.

Pouch.ph utilizes Lightning Network built atop Bitcoin to make digital payments quicker, cheaper, and more user-friendly. This payment protocol allows customers to pay by scanning a merchant's QR code with any Bitcoin wallet. Pouch.ph then converts that Bitcoin to Pesos and sends the money directly to the merchant's bank or mobile money account, making the process easy and efficient for both parties.