- Tech titan, Microsoft is rumored to be working on a new feature that will allow users to send, receive, and store cryptocurrencies.
- By integrating a crypto wallet, Microsoft is sending a clear message that it sees the potential for cryptocurrency to play a more significant role in the future of digital finance.
The latest addition to the list of companies that are dipping toes into the crypto space is Microsoft. The tech titan has been silently testing an in-built Ethereum (ETH) crypto wallet in its Edge browser for users to store, receive and send cryptocurrencies and Non-Fungible tokens (NFTs).
According to screenshots shared by software researcher Albacore, Microsoft is experimenting with a built-in non-custodial crypto wallet that can be used for crypto payments or as a gateway to DeFi and Web3 applications.
This is a non-custodial wallet, meaning you are in complete control of your funds. We will not have access to your password and recovery key. It is embedded in Edge, making it easy to use without installing any extension.
Microsoft says during the onboarding process.
The screenshots further depict a user interface for a cryptocurrency wallet, a decentralized application explorer, a news feed, and the ability to buy cryptocurrency through Coinbase and MoonPay.
The non-custodial wallet is integrated into Edges wallet feature for storing payment cards. Alongside is a secured password with a trusted recovery method if users ever lose their password. After signing up, users will automatically, have access to crypto funds and price trends.
Newest in the gauntlet of questionable upcoming Microsoft Edge features, a crypto wallet 💸
Not really sure how to feel about this kind of thing being baked into the default browser, what are your thoughts?
More screenshots of the UI in the next tweet ➡️ pic.twitter.com/GAUPiZGLIY
— Albacore (@thebookisclosed) March 17, 2023
This move by Microsoft is a significant step towards the mainstream adoption of cryptocurrency, as it makes it more accessible to everyday users who may not be familiar with the more technical aspects of managing digital assets.
By integrating a crypto wallet feature into one of its flagship products, Microsoft is sending a clear message that it sees the potential for cryptocurrency to play a more significant role in the future of digital finance.