Integrating FIDO passkey technology will improve the speed and security of Binance users when logging into the platform.
Binance announced that it has officially joined the FIDO Alliance, one of the most influential and largest associations focused on developing passwordless authentication standards. „We are committed to providing our users with the highest level of security and convenience as a member of this prestigious alliance.” – according to the press release.
Also, Binance announced that will soon integrate passkeys to enhance security on its platform.
„Passkeys are based on FIDO standards and act as strong, phishing-resistant password replacements. With passkeys, a user can quickly and safely sign in across multiple sites, apps, and devices with local biometric authorization. Binance will offer users a more secure and streamlined experience using passkeys on our platform without compromising on security.” – the company explains.
„Passkeys will be an excellent addition to our existing security features, which include multi-factor authentication (MFA) and multi-signature technology. We aim to provide our users with the best trading experience while keeping their assets safe and secure.” – the company added.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below: