San Francisco-based Divine Research is launching a new platform for unsecured loans, utilizing innovative biometric verification.
User-Centric Lending Approach
Since its launch in December 2023, Divine Research has extended approximately 30,000 short-term loans, mostly under $1,000. All loans are disbursed in USDC, a dollar-backed stablecoin, primarily targeting borrowers in underserved markets.
Loan Process Model
The identity verification relies on iris scanning via a proprietary device. This process helps prevent users from opening multiple accounts. Founder Diego Estevez noted: "This is microfinance on steroids." The platform minimizes risks through fixed interest rates ranging from 20% to 30% and the integration of reclaimable Worldcoin tokens.
Traditional Finance and Crypto Loans
According to sources, traditional financial institutions like JPMorgan Chase are also moving towards crypto-backed credit products. In 2026, the bank reportedly plans to offer lending services backed by Bitcoin and Ethereum, which could make it one of the first major U.S. institutions to integrate crypto assets into its lending operation.
In conclusion, Divine Research represents a significant advancement in decentralized finance, creating accessible funding for users without traditional verification requirements. This shift could lead to changes in lending for both emerging borrowers and large financial establishments.
