Mercuryo has announced the launch of Passkey, a biometric authentication solution designed to enhance security and simplify fiat-to-crypto transactions, based on information shared with Finbold on June 9.
The new feature eliminates the need for One Time Passcodes (OTP) by allowing users to log in using facial recognition or fingerprint scans.
Passkey to roll out across Mercuryo’s 200+ partner network
The Passkey feature, compatible with iPhone, Android, and Windows devices, will be deployed across Mercuryo’s network of over 200 partners, including major non-custodial wallets.
“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. The introduction of Passkey demonstrates our commitment to continuously evolving our service to deliver an exceptional user experience that will help further mainstream adoption of web3 payments,” said Petr Kozyakov, Co-Founder and CEO at Mercuryo.
Tatiana Kurach, Business Development at Trust Wallet, added:
“The addition of Passkey to the Mercuryo platform will further enhance the user experience for those buying and selling digital tokens in Trust Wallet. We are confident that there will be a ready uptake of this biometric security layer among our user base. Passkey provides an optimal and robust means of enabling users to obtain access to their accounts and make transactions.”
Strengthening security with biometric verification
Passkey enhances user protection by reducing reliance on vulnerable email and SMS-based logins, helping defend against phishing, malware, and AI-driven threats.
Developed by the FIDO Alliance, Passkey creates a one-time credential stored on a user’s device, which is then authenticated to the remote server using the device’s screen lock.
Mercuryo says the feature tackles a major hurdle to Web3 adoption by streamlining identity verification and enabling faster, safer crypto payments.
Featured image via Shutterstock.