PayPal introduces passkeys to improve online security

PayPal is adding passkeys to its platform to improve security and make it easier for users to log into their accounts.

Passkeys, which were designed by the World Wide Web Consortium and FIDO Alliance, replace passwords with cryptographic key pairs.

PayPal claims passkeys are resistant to phishing as there is no password to remember, hackers are unable to hack an account by password stealing or guessing.

Passkeys will initially be available to users of iPhones, iPads and Mac users in the US. PayPal will roll out the service to users in different locations and different devices in 2023.

Commenting on the news Doug Bland, SVP and GM head of consumer at PayPal said: "Launching passkeys for PayPal is foundational to our commitment to offering our customers safe, secure and easy ways to access and manage their daily financial lives.”

He added: "We are excited to provide our customers a more seamless checkout experience that eliminates the risks of weak and reused credentials and removes the frustration of remembering a password. We are making it easier for customers to shop online."

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