Summary
- Euler Labs announced that it launched the virtual asset-based credit card 'Swype.fun' in collaboration with Brahma.
- This credit card allows users to make payments without selling their held virtual assets and is based on the Coinbase Ethereum Layer 2 network, Base.
- Cardholders can borrow directly from the Euler platform, and this launch is said to be part of Euler's efforts to expand its DeFi ecosystem.
On the 18th (local time), according to the virtual asset (cryptocurrency) specialized media outlet The Block, Euler Labs, the developer of the virtual asset lending protocol Euler (EUL), has formed a partnership with the virtual asset payment startup Brahma and launched the credit card 'Swype.fun.'
Swype.fun is a credit card designed so that users can make payments without having to sell their held virtual assets. It is based on Coinbase's Ethereum (ETH) Layer 2 network, Base, and cardholders can also borrow directly through the Euler platform.
This credit card launch is part of an effort to link virtual assets to real-world payments, aligning with Euler's DeFi (Decentralized Finance) ecosystem expansion strategy.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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