Ruvo

Ruvo is a global payment platform designed for Brazilian individuals and businesses (CNPJ). It provides a multi-currency account that connects BRL, USD, and USDT (digital dollars) with a Visa card, Pix transfers, and US account details for receiving payments.

Core business: Users can receive USD via ACH/wire or crypto, convert between BRL and USD at commercial rates with 0% IOF (a Brazilian tax on foreign transactions), send money to any Pix key or US account, and spend globally with a Visa card. Balances held in USDT earn up to 6% APY. The wallet is non-custodial, meaning users control their private keys.

Market pain points solved: Traditional Brazilian banks charge 4.38% IOF on international card purchases and 1.1% on wire transfers, plus FX markups. SWIFT transfers take days. Ruvo eliminates IOF, offers real market rates, and settles payments in minutes via Pix or crypto rails.

Recent development (2026-03 to 2026-09): The platform has expanded its business account features, including higher transaction limits, fee structures starting at 0.3%, and compliance tools for Brazilian companies. It continues to operate through regulated banking partners with end-to-end encryption and LGPD compliance. No major negative events were reported in this period, though the service is relatively new and subject to evolving crypto regulations in Brazil.