My 14-year-old son announced that the instant payment demos were cool but that customers shouldn’t have to input their passcode every time they want to do a transaction; they should be able to do it with Face ID (assuming the phone has it).
FaceID has an attention aware feature, if you don’t make eye contact with camera it won’t unlock, you can’t just hold it up to someones face and unlock it.
As for security, there is nothing more secure than a 6+ digit alpha numeric code as you state, but that is as long as you can 100% hide the input, which is hard to do standing in a line in a retail store.
It would also take a lot longer than authenticating payment with a fingerprint or facescan.
And in the off chance that someone pulls a gun on me demanding that I give them my phone, they better fire a deadly first shot, or they’ll end up with a broken windpipe.
To sum it up, I don’t share your concerns, bring on the FaceID
It’s not a discussion about what is best, it is a discussion about what Electroneum should provide to their users in form of various authentication methods.
Come on man, this is bonkers!
How could those prints get verified?
To see which is which?
Indeed, a password is best, but you have to remember it, and if it is too intricate, you may have troubles remembering it as the time passes. And adding it somewhere in a safe is not so good either.
Using the authenticator app is a good way to go as well, as the code changes every 30 seconds I believe.
I am already using it for localbitcoins, localethereum, a lot of exchanges and skrill.
People have been dealing with plastic cards susceptible of skimming and a lousy 4 digit pin for decades now, I think an app on a fairly secure device with any kind of biometric scan is more than enough secure for most people.