Lender Divine Research Uses World ID to Verify Borrowers for Unsecured Crypto Loans

Huoxun Finance News, July 27, according to Cointelegraph, Divine Research, a San Francisco-based lender, has issued about 30,000 unsecured short-term crypto loans since December, and uses the iris scanning platform WorldID to verify borrowers, ensuring that users cannot open multiple accounts after defaulting. Analysts believe that loans still account for only a small part of the cryptocurrency market, but as institutional investors return to the field, the loan business is receiving more and more attention. There are reports that JPMorgan Chase is studying cryptocurrency mortgages and plans to directly use crypto assets such as Bitcoin as collateral for loans.