The US lending institution Divine Research uses World ID to enable uncollateralized cryptocurrency loans

Blockbeats

07/28

BlockBeats News, July 28th, according to Cointelegraph, San Francisco-based lending institution Divine Research has issued approximately 30,000 unsecured short-term cryptocurrency loans since December, using OpenAI CEO Sam Altman's iris scanning platform World ID to verify borrowers' identities. Divine Research primarily offers sub-$1,000 USDC stablecoin loans to overseas borrowers underserved by traditional financial services, using World ID to ensure users cannot open multiple accounts in case of default. The company's founder, Diego Estevez, stated that borrowers include high school teachers, fruit vendors, and other ordinary individuals.

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