Its possible to export the connections and saved passwords and it's possible to import both connections and passwords on machines that have the same OS credentials in which it originally was exported from; this is considered a best practice to backup your connection history if ever they needed to be restored into Toad.
It is not possible to share the exported connections and passwords to other OS credentials on other machines to prevent theft of database connections. There ways to encrypt the exported file from within Toad for Oracle, but the passwords are already encrypted on the exported file by default.
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