Sonic Labs Introduces 720ms Credit Scores for Digital Wallets, Targeting $11T Market

Sep 10, 2024, 10:07 AM

Sonic Labs is pioneering a new feature for digital wallets that introduces credit scores without requiring KYC (Know Your Customer) requirements. This innovation aims to target the $11 trillion global unsecured lending market. The new feature has achieved a finality time of 720 milliseconds. Andre Cronje, CTO of Sonic Labs, announced that this development could significantly impact the lending market by providing a more accessible credit scoring system for digital wallet users.