TechFlow, July 27 — According to Cointelegraph, Divine Research, a San Francisco-based lending firm, has issued approximately 30,000 unsecured short-term cryptocurrency loans since December, using World ID—the iris-scanning platform developed by OpenAI CEO Sam Altman—to verify borrower identities.
Divine Research primarily offers USDC stablecoin loans under $1,000 to overseas borrowers underserved by traditional financial systems, leveraging World ID to prevent users from creating multiple accounts after defaulting. Diego Estevez, the company's founder, said borrowers include ordinary individuals such as high school teachers and fruit vendors.
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