Crypto exchange platform Bitfinex has reportedly disclosed details regarding the adoption of open authentication standard universal second factor (U2F) for its merchant payments service, Bitfinex Pay.

Specifically, the initiative will reportedly unlock the capacity for online stores and merchants, integrating the Bitfinex Pay widget to support goods receiving, as well as services in a variety of crypto coins, nominally Bitcoin (BTC), Ether (ETH), Lightning Network BTC (LN-BTC) and Tether (USDT) on the Ethereum and Tron blockchains.

Customers with a merchant that completed registration will reportedly have the freedom to select the “Pay with Bitfinex” option at checkout. 

Following a quick detour via the Bitfinex payment gateway, the customer will be redirected back to the merchant’s website. As soon as confirmation is finalized, payment will be transferred straight to  the merchant’s connected Bitfinex wallet address.

Via this rollout, Bitfinex is reportedly introducing the U2F key – a physical USB device – as another method capable of replacing traditional two-factor authentication methods like text-message or app notifications. 

The devices will reportedly be available for use throughout laptops and mobile devices, wherein a six-digit passcode is required for offering payment authorization. 

“As a trailblazer in digital payments, Bitfinex Pay has already become a popular payment tool and with the addition of U2F, we are providing our users with further means of protecting themselves.” The chief technology officer of Bitfinex, Paolo Ardoino, reportedly delivered his remarks regarding the update. 

Per Ardoino, said security keys will entirely keep the hackers out of both the customers’ password and the two-factor code.”