We use stablecoins (USDT) instead of traditional SWIFT. Since it is not an international bank transfer, the 1.1% IOF does not apply. Single fee of 0.9% for individuals or 0.2% for businesses.
Transfers starting at 0.2%Free crypto transfersOnramp BRL → USDT
App + Card + 0% IOF
Other fintechs limit you. Ruvo is complete: iOS/Android app, worldwide Visa card, instant Pix, and 0% IOF on everything.
Backed by leading global investors
Ruvo has no IOF
International bank transfers cost 4-8% in fees + 1.1% IOF and take up to 5 days to settle. Wise charges 0.5% + 1.1% IOF. Nomad charges 1.5% + IOF. Ruvo eliminates IOF using stablecoins and offers a transparent fixed fee.
Comparison table
Name
Itaú
Wise
Nomad
RuvoIOF
1.1%-3.5%
1.1%-3.5%
1.1%-3.5%
No
Fee
High
1-3%
1-2%
0.9% PF | 0.2% PJ
Time
Days
Days
Days
Minutes
How it works:
1
Deposit via Pix
Transfer BRL from your bank account via Pix to your Ruvo wallet.
2
Convert to USDT
Your BRL becomes digital dollars (USDT) with a transparent 0.9% fee.
3
Send globally
Transfer USDT to any account worldwide in minutes, no IOF.
4
Send and receive USD
Send and receive USD via ACH or wire transfer
Backed by Y Combinator and Coinbase Ventures. $4.6M raised. More than 10,000 Brazilians already save on IOF with Ruvo.
Article
Ruvo, the fintech from ex-Uber that facilitates a 'Pix' between Brazil and USA
“(...) The startup, which gained support from the American accelerator Y Combinator, has just raised $4.6 million in a round led by 1confirmation, which has invested in Polymarket and Coinbase. Among other participants are Coinbase Ventures (...)”
Continue reading
No markups
No hidden spreads
No IOFSee your exchange rate and total cost
Ruvo uses the same transparent market exchange rate for Personal and Business accounts.
Deposit and receive BRL, money out abroad, or send to any wallet — all from your USDT balance.
Transfer Calculator
Convert BRL, USD and USDT with transparent fees
You send
BRLThe recipient gets
USD
Effective rate VET is -
Total fees and taxes
Fee: -
Arrival: —
Commissions: 0%
Costs: PIX 0%
Arrives
-
View RatesLearn more about IOF and Ruvo
Yes. Ruvo is backed by Y Combinator and regulated partners. Your funds are held in non-custodial wallets, meaning only you control your assets.
Yes. You can use the Ruvo card internationally wherever Visa is accepted, with direct debit from your USD balance.
Wise Charges 1.1% IOF. Ruvo: 0% IOF Always
Wise uses SWIFT with mandatory IOF. Ruvo uses stablecoins: 0% IOF + Visa card + instant settlement.
PayPal Fee 4.4%. Ruvo: 0.9% Fixed
PayPal only receives with high fees. Ruvo is a full USD account: receive + Visa card + Pix + 0% IOF.
Nomad Charges IOF. Ruvo: 0% IOF Total
Nomad uses SWIFT with 1.1% IOF. Ruvo uses stablecoins: no IOF + single fee + USD card.
BTG Charges IOF + Spread. Ruvo: Single Fee
Traditional banks charge 1.1% IOF + high spread. Ruvo: 0% IOF + transparent 0.9% fee.
Inter Has No USD Account. Ruvo Does
Inter only converts to BRL with IOF. Ruvo: the first real USD account in Brazil with 0% IOF.
How to Receive USD in Brazil Without IOF
Brazil's first dollar account. Single fee 0.9% individual / 0.2% business. Visa card + Pix + stablecoins in one account.
