As long as you protect that password store with a sufficiently strong password that you store in a password manager that has a sufficiently strong password :P
I joke but yes some sort of password store is what you would use but make sure that password store needs something like a yubikey with a strong private key on it _
I gotta say it really just looks like an uglier version of Renaults Trezor concept car.
https://www.renault.sa/concept-cars/trezor-concept.html