Microsoft Plans to Include Better Support for Crypto Wallets in Next-Gen Hardware
According to a report by Axios, Microsoft’s upcoming hardware products may offer improved support for crypto wallets. The information was revealed in detailed documents released as part of Microsoft’s ongoing lawsuit with the US Federal Trade Commission. The company is planning to release a range of new products, including consoles, phones, web browsers, PCs, and a new “cloud system.” Notably, these devices are expected to feature more advanced support for crypto wallets.
Crypto wallets function similarly to physical wallets in the web3 world. They hold the private keys required to access a crypto address on a blockchain, but they do not hold any actual cryptocurrency. It is important to note that Microsoft’s plans may have changed since the release of these documents, and the company has not yet responded to media requests for comment.
However, if Microsoft does incorporate better support for crypto wallets across its suite of devices, it could be a significant positive catalyst for the crypto industry. Making web3 services more accessible and user-friendly for non-crypto users is crucial for achieving widespread adoption.
Microsoft’s Other Moves in the Crypto Space
In addition to potentially expanding support for web3 services, Microsoft has been active in the crypto space this year. The company announced a partnership with Aptos, a layer-1 blockchain protocol developed by ex-Facebook employees involved in the failed Libra/Deim project. The collaboration aims to develop AI blockchain products and explore blockchain-based financial products such as asset tokenization and central bank digital currencies.
Furthermore, Microsoft joined forces with LeverFi to launch an AI-backed solution addressing challenges in the decentralized finance (DeFi) industry. These initiatives demonstrate Microsoft’s growing interest and involvement in the crypto world.
Hot Take: Microsoft’s Potential Impact on Crypto
If Microsoft follows through with its plans to enhance support for crypto wallets in its upcoming hardware devices, it could significantly boost the adoption of cryptocurrencies. As one of the world’s leading tech companies, Microsoft’s endorsement and integration of crypto across its product suite would make web3 services more accessible to non-crypto natives. This move aligns with the industry’s goal of achieving widespread adoption. Additionally, Microsoft’s partnerships and collaborations in the crypto space further solidify its commitment to exploring blockchain technology and driving innovation in various sectors.
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