I am using Edge wallet, which provides password + TouchID security for currency i want to carry around.  this is not how i'd carry the bulk of my savings, but for me it is an optimal security/convenience compromise for everyday amounts.

I rely on TouchID becuase the biometric data is stored on the secure enclave chip on the iphone.  This is also secure enough for most of my everyday activities.  However, i never got a FaceID phone and i'm in no rush to upgrade, so i understand the aversion to this technology at least.