Will passwords become a thing of the past?

FIDO Digs Its Teeth Into 21st Century Authentication

FIDO (Fast IDentity Online) Alliance, proposed authentication security standards that use modern authentication techniques. The organization seeks to bring two-factor authentication into the mainstream for more secure global  payment processing software. By doing so, notoriously vulnerable security measures like passwords will become a thing of the past.
There has been some resistance to the idea of utilizing fingerprints, irises, facial structures, and the like for authentication purposes. Nevertheless, mobile phones with biometrics are in common use. Static passwords are not very secure – users often set up the same password for all accounts. Once one account is hacked by brute force or a data breach, a user’s entire digital life could compromised. In contrast, biometrics are always attached to the user, thereby ensuring they are the only user of his or her accounts.