“We believe PINs, passwords, and seed phrases are confusing and often not secure given the workarounds normal people have to create given all the friction,” the company said in a Friday statement. “Instead, to achieve seamless authentication in practice, we plan to incorporate a fingerprint sensor into the wallet hardware.”

Block acknowledges this approach has its own tradeoffs, but claimed that it would increase security against theft or misuse of the hardware wallet.

“We’re aware of limitations we’ll need to design around,” the statement reads. “As we build the product, we'll evaluate additional access methods that customers could opt into. And of course, fingerprint sensor data will never leave the hardware device.”