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Binance: Joins FIDO Alliance in Preparation for Passkey Implementation | Fintech InShorts: Latest fintech news, analysis by experts
Monday, December 23, 2024

Binance: Joins FIDO Alliance in Preparation for Passkey Implementation

Binance: Joins FIDO Alliance in Preparation for Passkey Implementation

  • Binance has joined the FIDO Alliance, which is focused on developing passwordless authentication standards
  • It is committed to providing its users with the highest level of security and convenience
  • It will soon integrate passkeys, which are based on FIDO standards, to enhance security on its platform.
  • Passkeys act as strong, phishing-resistant password replacements and allow for quick and safe sign-ins across multiple sites
  • Passkeys will be an addition to existing security features, which include MFA and multi-signature technology
  • Its aims to enhance users’ trust and confidence when using its services and improve its platform’s security and functionality

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