The technology industry (Apple, Google, Microsoft) ultimately wants to get rid of passwords with passkeys. Until then, the Google Password Manager is starting to offer on-device encryption so that “only you can see your passwords.”
Today, the Google Password Manager — found at passwords.google.com and inside Chrome — offers “standard password encryption” where:
The encryption key, used to access your passwords, is safely stored in your Google Account. Google then uses this key to access (decrypt) your passwords.