Brahma and Euler Labs Drop DeFi-Powered Credit Card: Swype!

Hang onto your hats, crypto fans! Brahma's just teamed up with Euler Labs to unleash Swype, a game-changer credit card that lets you spend your DeFi collateral without cashing out. This isn't just a card; it's a revolution waiting to hit the payment world!

On July 18th, Brahma dropped the bombshell: they're rolling out Swype, a virtual card that dives straight into your DeFi lending pots for everyday buys. No need to sell your assets or jump through hoops!

Crypto's been all about programmable cash, but TradFi's been bossing the payment game. Brahma's flipping the script, building the guts for Internet Finance. And credit cards? Just the warm-up act. They're starting the show with a bang, and you could be part of it! Just comment "SWYPE" and keep an eye on your DMs for a chance at access codes!

Swype's built on Brahma's slick onchain tech, kicking off on Base, letting you swipe globally by borrowing USDC against your Euler or AAVE stash. It's like having a superpower in your wallet!

Brahma's not messing around. They say it's all done in a flash, controlled by your rules, and yeah, you keep the keys. It's the first time Brahma's Card SDK is live, with Euler handling the credit and Brahma pulling the strings behind the scenes.

How Brahma's Swype Card Bridges DeFi Liquidity to Everyday Commerce

Ever been stuck choosing between selling your crypto or locking it up for some yield? Brahma's Swype, riding on Euler's lending wave, smashes that dilemma to bits. Now, your collateral can be your credit line at the checkout!

Brahma's already flexing with over $100 million in capital and $1 billion in transactions through their onchain tools. They've got the tech chops to make real-time payments a breeze.

So how does Swype work? It hooks your DeFi loans straight into Visa's payment network. You need at least $1,000 parked on Euler or Aave, then a quick KYC check, and bam! You're ready to roll with a virtual card.

When you swipe, Brahma's system snags USDC against your collateral, pays the merchant, and sorts out the loan later, all without you lifting a finger.

The card vibes with Apple Pay and Google Pay, opening doors to over 100 million merchants worldwide. And here's the kicker: you call the shots on your assets, setting your borrowing limits and collateral choices.

Brahma's cutting out the middleman, testing if DeFi can dance with the big dogs of payment processing. But it's not all smooth sailing. Euler's got to show it's tough after its 2023 scare, and Brahma's KYC might ruffle some purists' feathers. Still, it's a bold move that could shake up the payment game!