Divine Research Issues 30K Unbacked Crypto Loans via World ID Amid 40% Default Rate 20-30% Interest Rates
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最新报道：Divine Research has issued $30,000 in unbacked crypto loans through its World ID program, targeting users in developing nations. The loans carry high interest rates of 20-30%, with a reported default rate of 40%. The company claims this model helps unbanked individuals access credit, though critics warn of predatory lending risks. Borrowers must verify identity via World ID but provide no collateral, raising concerns about repayment enforcement. Divine Research argues the defaults are priced into the rates, maintaining profitability despite the high risk. The initiative highlights growing debates around decentralized finance's role in emerging markets.
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