According to Cointelegraph, Foresight News reports that 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 provides USDC stablecoin loans under $1,000 to overseas borrowers underserved by traditional financial services, using World ID to ensure users cannot open multiple accounts after defaulting. The company's founder, Diego Estevez, stated that borrowers include ordinary people such as high school teachers and fruit vendors.
US lender Divine Research uses World ID to enable unsecured crypto loans
This article is machine translated
Show original
Sector:
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
