PANews reported on July 27 that according to Cointelegraph, San Francisco-based lending institution Divine Research has issued approximately 30,000 unsecured short-term crypto loans since December, using the iris scanning platform World ID to verify borrowers and ensure users cannot open multiple accounts after defaulting. Analysts believe that loans still represent a small portion of the cryptocurrency market, but as institutional investors return to the field, lending services are receiving increasing attention. Reports suggest that JPMorgan is researching crypto-backed loans, planning to directly use cryptocurrencies like Bitcoin as collateral.
Lender Divine Research Uses World ID to Verify Borrowers for Unsecured Crypto Loans
This article is machine translated
Show original
Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Share
Relevant content