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Mercuryo, a leading digital payment platform, has introduced Passkey, a cutting-edge biometric login feature designed to streamline Web3 payments. This innovation aims to enhance security and simplify the user experience, making cryptocurrency transactions faster and safer for everyone.

What Is Passkey?

Passkey replaces traditional one-time passcodes (OTPs) with fingerprint or face ID verification, allowing users to access their accounts easily using their device’s screen lock. Developed by the FIDO Alliance, Passkey securely stores encrypted login credentials directly on users’ personal devices.

Wide Integration Across Platforms

The Passkey feature will be integrated into Mercuryo’s extensive network of over 200 partners, including popular non-custodial wallets like Trust Wallet. It will be accessible to users on iPhone, Android, and Windows devices, providing a seamless and secure authentication process for a wide range of users.

Enhanced Security for Digital Payments

Unlike traditional login methods that rely on passwords or OTPs sent via SMS or email—both of which are vulnerable to phishing and malware attacks—Passkey employs advanced encryption. When logging in, the device verifies ownership of the credentials directly with the server, eliminating the risks associated with traditional login methods.

Key Benefits of Passkey:

  • Enhanced Security: Protects against phishing and malware attacks by eliminating passwords and OTPs.
  • Faster Login: Screen lock technology ensures quick and seamless access.
  • User Convenience: Simplifies the authentication process for beginners and experienced users alike.

Driving Web3 Adoption

By reducing friction in the login process and bolstering protection against cyber threats, Mercuryo aims to address one of the main pain points in the Web3 ecosystem: user access. CEO Petr Kozyakov emphasized that this move supports the broader adoption of cryptocurrencies by making onboarding and transactions more intuitive.

“We are delighted to have integrated Passkey, a feature that provides an optimal and intuitive log-in process while also greatly enhancing the protection of users’ data,” Kozyakov stated.

Future of Secure Digital Payments

With its rollout, Passkey is poised to become a foundational tool for the next generation of secure digital payments. As the cryptocurrency landscape continues to evolve, innovations like Passkey will likely play a pivotal role in ensuring safe and user-friendly access to digital assets.

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