Morph Launches $150M Payment Accelerator to Scale On-Chain Payment Systems

Morph has announced the launch of its Payment Accelerator, a $150 million initiative designed to support payment companies, financial institutions, and payment infrastructure teams in bringing production-level payment activities onto the blockchain and enabling further scaling. Morph stated that payments have become one of the fastest-growing and most practical use cases for blockchain adoption. However, existing payment infrastructures still face challenges such as long settlement cycles, fragmented systems, and liquidity constraints in cross-border settlements and fund clearing. The Payment Accelerator will focus on verticals such as crypto cards, cross-border remittances, and payment gateways, offering participating teams settlement infrastructure tailored for real-world transaction volumes, incentives tied to verifiable on-chain activity, and funding and liquidity support for onboarding and scaling. Morph added that within the Morph network, BGB serves as the gas and governance token, and the growth of payment volume will align with the network's settlement and participation mechanisms. Currently, Morph has already partnered with its first batch of payment operators and is now officially opening applications for the Payment Accelerator.