US lender Divine Research uses World ID to make unsecured cryptocurrency loans
Online reports that San Francisco-based lender 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 the identity of borrowers. Divine Research mainly provides USDC stablecoin loans of less than $1000 to overseas borrowers with insufficient traditional financial services, using World ID to ensure that users cannot open multiple accounts after default. The company's founder, Diego Estevez, said that borrowers include ordinary people such as high school teachers and fruit vendors.
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