In fact, it looks like this is something that Microsoft will be giving users the option for. The company has announced that they will be giving users the option to remove the password for their Microsoft Accounts. Instead will rely on alternative methods for users to log into their accounts.
According to Microsoft, “Beginning today, you can now completely remove the password from your Microsoft account. Use the Microsoft Authenticator app, Windows Hello, a security key, or a verification code sent to your phone or email to sign in to your favorite apps and services, such as Microsoft Outlook, Microsoft OneDrive, Microsoft Family Safety, and more.”
Note that this is optional and those who feel more comfortable using passwords can keep doing so, but for those who prefer exploring an alternative to password systems, this will be an option you can check out. The change is expected to be rolled out in the next few weeks, so keep an eye out for it if you’re interested.