You can decide where the encrypted passwords will be kept. Passwords are not visible in the process memory, no other application has access to them.

Even if your computer is used by more than one person, Password Manager will create an account per user so that each user has access to their password file.
Download Manager will provide you with secure passwords and store them so you do not need to remember them all.
All your data is encrypted and requires from the master password to be opened
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