US lender Divine Research taps World ID for unsecured crypto loans

Divine Research, a loan agency based in San Francisco, 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 the identity of borrowers.

Divine Research mainly provides USDC stablecoin loans of $1,000 or less to overseas borrowers who lack traditional financial services, using World ID to ensure that users cannot open multiple accounts after default. The company's founder, Diego Estevez, stated that borrowers include high school teachers, fruit vendors, and other ordinary people.

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US lender Divine Research taps World ID for unsecured crypto loans

All Comments

Recommended for you

BTC falls below $88,000

ETH falls below $3,000

BTC breaks through $89,000

F2Pool co-founder: Last year, 500 bitcoins were transferred in to confirm whether the private key had been leaked; hackers took 490 bitcoins.

BTC falls below $88,000

US lawmakers draft new bill to exempt capital gains tax on stablecoin transactions under $200.

Tether CEO posts job openings, sparking speculation that a mobile encrypted wallet is on the horizon.

Bloomberg analysts: Among the top 25 US equity ETFs with the highest annual inflows, BlackRock IBIT is the only ETF with negative returns.

Hassett's chances of becoming the next Federal Reserve Chairman have once again surged significantly.

China Merchants Bank: The yen carry trade may undergo a sustained reversal, exerting long-term downward pressure on global asset liquidity.

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