Morph launches $150m onchain payments accelerator

By Vriti Gothi

Ethereum-based settlement layer Morph has launched a $150 million Payment Accelerator aimed at supporting startups that are moving real-world payment activity on-chain, as stablecoins gain ground as an alternative global settlement rail.

The programme is being rolled out in partnership with Bitget Wallet and targets payment companies operating in areas such as crypto cards, cross-border remittances and merchant payment gateways. Morph said the initiative is designed to address persistent inefficiencies in global payment infrastructure, which remains fragmented and reliant on multi-step settlement processes that slow reconciliation and lock up working capital.

Morph pointed to more than $46 trillion in stablecoin transaction volume processed in 2025 as evidence of growing demand for faster settlement, lower costs and programmable payment flows. Despite this growth, the company said much of the underlying infrastructure has yet to adapt to production-scale, on-chain payment use cases.

The Payment Accelerator will offer multiple funding tracks aligned to a company’s stage of deployment, with support ranging from grants and performance-based incentives to liquidity provision as transaction volumes scale. Eligibility is focused on teams with a working minimum viable product or live offering, clear alignment with core payment verticals and the ability to report measurable transaction activity. Infrastructure providers will be required to demonstrate production-ready integrations, security standards and compliance with KYC and AML requirements.

“Payments represent the largest and most immediate opportunity for on-chain adoption,” said Colin Goltra, chief executive of Morph. “The Payment Accelerator is about giving serious operators the infrastructure, incentives and ecosystem access they need to move real money on-chain at scale.”

Distribution through Bitget Wallet forms a central pillar of the programme. Payment applications built on Morph will be able to integrate directly with the wallet, providing access to tens of millions of users and a route from pilot deployments to live usage. Bitget Wallet offers onboarding, swaps, transaction routing and payment functionality, including crypto cards, QR-based payments, bank transfers and an in-app shopping experience.

“Real adoption happens when infrastructure meets daily behaviour,” said Jamie Elkaleh, chief marketing officer at Bitget Wallet. “By pairing Morph’s settlement layer with Bitget Wallet’s user interface, we’re helping new payment platforms go from pilots to real usage.”

Bitget Wallet said spending volumes on its crypto card grew more than 28 times year-on-year in 2025, reflecting increased consumer demand for using digital assets in everyday transactions. As payment volumes scale through the wallet, Morph said settlement activity on its network is expected to increase, reinforcing network usage.

Applications for the Morph Payment Accelerator are now open, with pilot partners already participating. The company said further partner announcements and programme updates are planned in the coming months.