Why Are Passkeys Replacing Passwords: 15 Billion Accounts Already Switched

TechnologySarah Martinez9/12/20252 min read
Why Are Passkeys Replacing Passwords: 15 Billion Accounts Already Switched
A **15 billion account revolution** is happening right now. **Passkeys doubled in 2024**, from **7 billion** to **15 billion accounts**. **Google** has **800 million accounts** using passkeys. **Amazon** created **175 million passkeys**. **Bitwarden** saw **550% growth** in daily passkey creation. **85% of people reuse passwords**. Average breach costs **$4.45 million**. Passkeys eliminate both problems. --- ## The Numbers That Killed Passwords **Real deployment data:** - **Google**: **30%** better login success, **20%** faster sign-ins - **Amazon**: **175 million** passkeys across all regions - **95% of iOS/Android** devices passkey-ready - **62% of authentications** now use passkeys (vs **33%** SMS) > "**2.5 billion** passkey sign-ins over two years." > > — **Google Security Team** **The breakthrough**: Nothing to phish. Nothing to leak. Nothing to forget. --- ## Who's Already Passwordless **Major adoptions:** - **GitHub, PayPal, Shopify**: full passkey login - **Meta, TikTok, Best Buy**: millions of users - **Chase Bank**: processing **$2 trillion daily** - **PlayStation**: **94% reduction** in account theft **Government mandate**: **NIST 2025** guidelines require phishing-resistant authentication for all federal agencies. [AI agents achieve 55% productivity gains](/technology/ai-agents-workplace-productivity-2025) with no passwords to compromise. --- ## How Passkeys Actually Work **The tech is simple:** 1. Your device creates a cryptographic key pair 2. Public key goes to website (useless if stolen) 3. Private key stays on device (never transmitted) 4. **Biometric** unlocks private key locally **For users**: Takes **30 seconds** to set up. **For developers**: **5 lines** of WebAuthn code. ```javascript const credential = await navigator.credentials.create({ publicKey: challengeFromServer, }); ``` --- ## The 2026 Password Extinction **What's forcing change:** - **EU Digital Identity Act**: passwords becoming legally negligent - **Mastercard/Visa**: piloting passkey payments globally - **1.7 billion devices**: already passkey-enabled **Consumer awareness** jumped from **39%** to **57%** in two years. Companies see **dramatic reductions** in password reset tickets and SMS costs. This connects to [how brain-computer interfaces achieve 4x performance](/technology/ucla-brain-chip-paralyzed-patients-4x-faster) through seamless authentication. Understanding [why cognitive biases cost 2x on decisions](/psychology/your-brain-lies-to-you-cognitive-biases-2025) helps explain user resistance to new security methods. --- ## The Bottom Line **Passwords are dead**. **15 billion** accounts prove it. Phishing becomes impossible. Breaches become useless. Support costs plummet. Users actually complete signups. This security revolution also protects [quantum computing breakthroughs](/technology/quantum-computing-2025-commercial-breakthrough) from traditional cyber threats. _Still collecting passwords? You're the last one._ --- ## Sources 1. [FIDO Alliance - Passkey Adoption Report](https://fidoalliance.org/passkey-adoption-doubles-in-2024-more-than-15-billion-online-accounts-can-leverage-passkeys/) - **15 billion** accounts 2. [Google Security Blog - Passkey Statistics](https://security.googleblog.com/) - **800M** accounts, **2.5B** sign-ins 3. [Bitwarden - World Password Day Survey](https://bitwarden.com/resources/world-password-day-2024/) - **550%** growth, **85%** reuse 4. [IBM - Data Breach Report 2024](https://www.ibm.com/security/data-breach) - **$4.45M** average cost 5. [NIST - 2025 Authentication Guidelines](https://pages.nist.gov/800-63-4/) - Federal requirements _Last fact-checked: September 17, 2025_