Morph launches a $150 million payment accelerator program to support the large-scale on-chain deployment of real-world payment systems.

Morph announced the launch of its Payment Accelerator, a $150 million program designed to support payment companies, financial institutions, and payment infrastructure teams in bringing existing production-grade payment activities onto the blockchain and scaling them further. Morph stated that payments have become one of the fastest-growing and most relevant applications of blockchain adoption; however, in scenarios such as cross-border settlement and fund clearing, existing payment infrastructure still faces challenges such as long settlement cycles, system fragmentation, and liquidity constraints. The Payment Accelerator will focus on supporting network verticals such as crypto cards, cross-border remittances, and payment gateways, providing participating teams with settlement infrastructure geared towards real-world transaction volumes, incentives linked to verifiable on-chain activities, and funding and liquidity support for deployment and scaling. Morph stated that within the Morph network, BGB is used as Gas and a governance token, and the growth in payment volume will align with the network's settlement and participation mechanisms. Morph has already partnered with its first batch of payment operators and is officially opening applications for the Payment Accelerator.