Payment company Block is planning to integrate The “fingerprint sensor” in the upcoming design of digital wallets or hardware wallets. According to the product update on Friday
Block first announced plans to build a hardware wallet in July of last year. by that time The company said the wallet would have multi-signature, which requires two or more private keys to sign and send transactions.
In October, Block released an update post.first which gives insights into product development in the said announcement The company said it was building a hardware wallet product and a mobile app together. The idea is that customers will primarily use the app. And take advantage of the hardware wallet in combination with the app for larger transfers.
And most recently, the company posted an update, sharing that the hardware wallet will have a fingerprint sensor as an alternative to passwords and seed phrases.
“For transactions that require hardware wallets, we want our customers to be able to securely unlock their wallets. and is easy which is an unlikely combination “This has never been available in the market in the past,” the post said. “We believe that PINs, passwords and seed phrases are confusing and often unsafe for users.”
So our Hardware wallet has no display. because the user will have “Convenience by placing your finger on the sensor instead of using a small button with a hard-to-read screen,” according to the update. Instead, the customer will use the mobile app to enter the information.
However, the company said Some users may need more than a fingerprint during money transfers, with Block saying it will evaluate additional access methods that customers can choose from.
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