Morph Network (Morph), a Layer-2 blockchain designed for high performance, low-cost, and secure on-chain activity, has announced its groundbreaking partnership with Cobo, a famous digital asset custody and wallet infrastructure provider. This partnership is aimed at enhancing institutional-grade stablecoin payments fully on-chain for secure and scalable purposes at a global scale.
Fundamentally, Cobo is making its partnership with Morph’ Morph Payment Accelerator. Morph Payment Accelerator is an initiative by Morph to scale institutional-grade stablecoin payments on-chain. The main crux of this partnership is to enhance institutional-grade stablecoin payments with the world’s best certified custody, wallet, treasury management, and payouts offered by Morph Payment Accelerator. Morph has revealed this news through its official social media X account.
Morph and Cobo Unite to Strengthen Secure On-Chain Payment Systems
The coherence between the working capacity of Morph and Cobo is making them stronger and highly trusted among users. Both partners have a strong hold on their working abilities and know their domain very well. Cobo is also performing its duty very well by offering secure custody solutions, MPC Wallets, Compliance-friendly treasury tools, and infrastructure for exchanges, funds, and enterprises.
The alliance offers an end-to-end encrypted infrastructure for satisfying users about the secured mechanism for their assets. In addition, the on-chain efficiency makes the payment faster, smoother, and lower-cost than the market. In other words, both partners are basically supercharging the institutional-grade stablecoin payments infrastructure. This partnership surely solves the various problems of users related to institutional payments across borders.
Setting a New Standard for Cross-Border Stablecoin Payments
The collaboration of Morph and Cobo is much more than an ordinary partnership; rather, it is offering much more than a single aspect-oriented partnership. Moreover, this partnership is supporting 80+ blockchains and allowing users to smoothly flow the payout across the border with high-frequency settlement. Both platforms have paid much attention to the security and transparency perspective. They did not leave the security, scalability, and transparency aspects of every institutional-grade stablecoin payment.
In short, users will be free from the worries about the security, cost-efficiency, and scalability of their payments wherever they want to transfer or receive. This partnership operates at a global level with enterprise-grade security. Moreover, the services of this partnership are not space-bound, or time rather it is for all users with equal opportunities of benefits.
Source: https://blockchainreporter.net/morph-integrates-cobo-for-on-chain-institutional-stablecoin-payments/