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Home / Players / Magnify.cash Launches MAGBot: The World’s First Telegram Bot for Loans, Establishing "Identity-Backed Lending" Using World IDs
Magnify.cash Launches MAGBot: The World’s First Telegram Bot for Loans, Establishing "Identity-Backed Lending" Using World IDs

Magnify.cash Launches MAGBot: The World’s First Telegram Bot for Loans, Establishing "Identity-Backed Lending" Using World IDs

2024-11-13  Per Henrikson

MAGBot offers users in emerging markets, including over 7 million Orb-verified World ID holders, an innovative way to access micro-loans without paying transaction (gas) fees. This breakthrough is made possible by the power of Magnify Cash’s decentralized smart contracts, designed to streamline the loan process while minimizing costs. By leveraging the Coinbase Paymaster infrastructure, Magnify Cash ensures that all gas fees are covered, making the loan process entirely frictionless for users.


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