Brahma and Euler Labs Launch Swype: A DeFi-Powered Crypto Credit Card for Real-World Payments

Revolutionizing Payments: DeFi Collateral Meets Real-World Spending

Brahma, a rising name in the crypto credit card space, has teamed up with Euler Labs to unveil Swype—a virtual card designed to let crypto investors spend their DeFi collateral anywhere in the world, without having to liquidate their digital assets. This game-changing partnership could set a new standard for how decentralized finance (DeFi) is integrated with traditional payment systems.

How Swype Unlocks DeFi Liquidity for Everyday Purchases

Accessing Real-World Value Without Selling Crypto

The long-standing challenge for DeFi users has been choosing between keeping crypto assets for yield and unlocking liquidity for daily expenses. Swype breaks down this barrier by enabling users to borrow USDC against their assets in lending protocols like Euler or Aave, and immediately use these funds for payments—no asset sale or bridging required.

Instant, Programmable, and Non-Custodial Execution

Swype’s infrastructure is fully onchain and built for speed and security. All transactions occur in real time through programmable rules set by the user, maintaining a non-custodial structure where you retain control of your underlying assets. When a purchase is made, Swype automatically borrows stablecoins against your collateral, settles with the merchant, and repays the amount later—no manual intervention needed.

Building on Proven DeFi Foundations

This isn’t Brahma’s first foray into DeFi automation; the platform already manages more than $100 million in capital and boasts over $1 billion in transaction volume. The Swype card leverages both Brahma's Card SDK and Euler’s robust credit layer, combining to provide a flexible, secure DeFi credit solution that is ready for mainstream scalability.

Global Reach Through Apple Pay, Google Pay, and Visa Integration

Instant Inclusion With a Simple KYC Process

To qualify for Swype, users must have at least $1,000 deposited on Euler or Aave and complete a one-time KYC check. After qualification, Swype offers a virtual card that integrates seamlessly with Apple Pay and Google Pay, making it possible to pay at more than 100 million merchants worldwide using existing Visa payment rails.

User-First Control And Customization

Swype empowers users to customize borrowing limits and collateral preferences, putting them in control of their DeFi assets at all times. By removing the need for bridges and off-ramps, Brahma delivers a user experience that could rival the convenience of traditional payment providers.

Challenges and The Road Ahead for DeFi Payments

While Brahma and Euler Labs have set the stage for frictionless DeFi-powered spending, some concerns remain. Euler’s infrastructure, though rebuilt after the 2023 exploit, must prove its durability under real-world payment volumes. Additionally, the KYC requirement might limit appeal for some crypto purists seeking full decentralization. Nevertheless, Swype marks a significant leap toward bringing DeFi liquidity into the global financial mainstream—no asset liquidation required.