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.