US lending institution Divine Research uses World ID to implement unsecured cryptocurrency loans

On July 28th, according to Cointelegraph, San Francisco based lending institution Divine Research has issued approximately 30000 unsecured short-term cryptocurrency loans since December, using OpenAI CEO Sam Altman's iris scanning platform World ID to verify borrower identity. 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 founder of the company, Diego Estevez, stated that borrowers include ordinary people such as high school teachers and fruit vendors.