Microsoft crypto plans: leaked documents reveal plans for an Xbox crypto wallet
Tech giant Microsoft is reportedly planning to integrate a cryptocurrency wallet with the Xbox gaming console, according to leaked internal documents. The documents, which were included in the Federal Trade Commission’s case against Microsoft, revealed plans for a disc-less Xbox Series X, a gyro controller, and a next-gen hybrid Xbox. They also outlined a roadmap to integrate a cryptocurrency wallet into the next version of the console.
The leak has been referred to as the “biggest in Xbox history” due to the unusual disclosure of unredacted emails and documents. Xbox chief Phil Spencer addressed the leak, acknowledging that the plans were unintentionally disclosed and assuring employees that the company takes confidentiality seriously. He also emphasized that the leaked information was outdated, and the real plans will be shared when the company is ready.
The integration of digital assets and gaming has the potential to disrupt and expand the in-game microtransaction market, which accounts for a significant portion of global gaming revenue. Allowing players to create and retain real value from in-game worlds through cross-chain wallets could facilitate decentralized player-driven markets and reduce fraud in digital economies.
Rumors about Microsoft and its competitors, including Apple, Amazon, Facebook, and Google, integrating support for cryptocurrencies have been circulating for years. However, regulatory challenges and market fluctuations have delayed these plans. Nonetheless, with recent developments in the cryptocurrency space and the growing interest in blockchain technology, an official announcement from Microsoft regarding the integration of a crypto wallet with Xbox software may not be far off.
In addition to the Xbox integration, Microsoft is also rumored to be working on integrating a non-custodial Ethereum wallet into its Edge browser. The details and release date for this development are currently scarce.
Microsoft has been actively exploring partnerships and initiatives in the blockchain space. Earlier this year, the company partnered with Ankr to provide a node hosting service on the Microsoft Azure Marketplace. This collaboration aimed to support enterprises and organizations that require access to blockchain data. In August, Microsoft partnered with Aptos Labs to accelerate web3 adoption using artificial intelligence through the creation of an AI chatbot called “Aptos Assistant.”
While the leaked plans may not directly reflect the current direction of Microsoft’s crypto integration, they highlight the growing interest and potential for cryptocurrencies in the gaming industry. As blockchain technology continues to evolve and gain mainstream adoption, it is likely that more companies will explore integrating digital assets and cryptocurrencies into their platforms.
