Divine Research Pioneers Uncollateralized Crypto Loans Utilizing Sam Altman’s World ID

Divine Research has recently unveiled a groundbreaking initiative that allows for the issuance of cryptocurrency loans without the need for conventional collateral. This service leverages World ID, a system developed by OpenAI CEO Sam Altman, to authenticate borrowers’ identities. Divine Research aims to democratize access to crypto loans, particularly for individuals who lack sufficient assets to provide as security. The World ID system employs iris biometric technology to verify identity, mitigating fraud risks and ensuring loans are granted to genuine individuals. Experts suggest this advancement could revolutionize crypto lending, paving the way for further financial innovations based on decentralized digital identity technologies. This initiative also raises questions surrounding privacy and data security, as the use of biometric data necessitates robust protection against misuse. Divine Research is exploring methods to ensure user data protection and adherence to relevant privacy regulations.