Truther's Visa Card Allows Immediate Use of Cryptocurrency, Opening Doors to Broader Stablecoin Usage

Truther to Launch Non-Custodial Visa Card in El Salvador

Truther, a company specializing in cryptocurrency payments, has announced the upcoming release of a non-custodial Visa card in El Salvador, scheduled for January 29, 2025. This innovative card will allow users to make purchases with USDT directly from their own wallets, eliminating the need to preload funds or depend on custodial services.

Through a partnership with Visa, the card will automatically deduct USDT at the time of each transaction—such as paying a 30-euro hotel bill—without requiring users to convert their digital assets into traditional currency beforehand. While a 2% fee applies to currency exchanges, Brazilian customers benefit from exemption from the IOF tax on financial operations. This new offering builds on Truther’s robust infrastructure, which already handles $40 million in daily stablecoin transactions through Brazil’s PIX instant payment platform.

El Salvador: A Crypto-Friendly Launchpad

El Salvador’s embrace of Bitcoin as legal tender makes it an ideal environment for Truther’s expansion. By launching in this crypto-forward nation, Truther aims to accelerate the adoption of stablecoins throughout Latin America and beyond. The company’s self-custody wallet currently supports BTC, USDT, and a stablecoin pegged to the Brazilian real, with plans to add more local tokens—including tether gold and an Argentine peso-linked stablecoin—by early 2025. The wallet also offers QR code functionality for sending and receiving stablecoins without incurring gas fees.

Expansion Plans and Technology Integration

Growth is a key focus for Truther. The company’s Swapix API, which enables instant conversion between cryptocurrencies and fiat currencies via local payment systems, will first be introduced in Argentina, then expanded to Mexico, Colombia, and Russia. These countries were chosen for their always-on payment networks and widespread QR code usage, both essential for seamless, real-time transactions. Truther is also negotiating with conventional banks to integrate stablecoin support, though specific details have not yet been revealed. Founder Rocelo Lopes predicts that stablecoin transaction volumes could triple within a year as more traditional financial institutions adopt the technology.

Bridging Crypto and Traditional Finance

Visa’s collaboration with Truther highlights the increasing convergence of digital assets and established financial systems. This partnership follows Visa’s earlier initiatives to enable stablecoin payouts for content creators and gig economy workers. Unlike custodial crypto cards, Truther’s solution maintains user autonomy by drawing funds directly from a Polygon-based wallet, with future plans to transition to the Liquid network for greater privacy. This model is designed for cryptocurrency enthusiasts who prefer to avoid centralized exchanges and lengthy conversion processes.

Implications for Stablecoin Adoption

The introduction of real-time, blockchain-based settlements could transform retail payments, especially in regions with advanced instant payment infrastructure. For investors and users alike, Truther’s product signals a move toward self-custody solutions that reflect the principles of decentralized finance, all while leveraging Visa’s extensive global merchant network.