It’s recommended to fake php version, rather than ignore platform requirements. Add
"platform":{"php":"5.5"}
to your ~/.composer/config.json
or use composer config -g -e
to edit it.
An example of sufficient config to fake php version:
{
"config": {
"platform":{
"php":"5.5"
}
}
}
It may have much more options though.
UPDATE:
starting from v2.3.0 you can use environment variables.
Please see Yakatz’ answer