Yes. Using strong cryptography to hash the password meets the intent of the PCI DSS Requirement 8.3.2, which requires that all authentication factors be rendered unreadable during transmission and storage using strong cryptography.

This requirement is designed to prevent unauthorized access to these authentication factors, both in storage and as they traverse the network. When implemented properly, hashing ensures that passwords cannot be easily recovered or misused, even if the data is compromised.

Please refer to the PCI DSS Glossary of Terms, Abbreviations, and Acronyms for additional information on hashing.