This is the closest thing to a real passkey experience: no username, no password. Registering requires the resident key (discoverable credential) option, so the credential itself carries enough information for the authenticator to find it. Signing in, the user picks their account from whatever passkeys their device or credential manager offers — there is nothing to type.
Note: "passwordless" means no password is sent over the internet or stored in a database. A PIN or biometric might still be used locally, by the authenticator, to unlock the passkey.