Morph Network, an Ethereum-based settlement layer, has unveiled a $150 million Payment Accelerator program aimed at scaling real-world payment activity on-chain. The initiative targets startups and businesses building high-volume payment systems, with a focus on crypto cards, cross-border remittances, and merchant payment gateways.
The program is designed to bridge the gap between experimental blockchain payment infrastructure and production-scale systems. Participants gain access to Morph's settlement infrastructure and distribution through integrations with Bitget and Bitget Wallet, tapping into an ecosystem of over 120 million users. Support includes grants for pre-production teams and performance-based incentives for established operators, alongside liquidity assistance to scale payment flows across regions.
The launch underscores the growing role of stablecoins and blockchain in global commerce. In 2024 alone, stablecoin transaction volume reached $27.6 trillion, highlighting a significant shift towards on-chain settlement for its speed, cost reduction, and programmability advantages over legacy systems. Morph's native token, BGB, is used to secure payment activity on the network, serving as both gas and governance token, with increased transaction volume directly boosting network utility.
