Microsoft’s upcoming hardware products are expected to provide enhanced support for crypto wallets, according to a report from Axios. Detailed documents outlining Microsoft’s plans were disclosed as part of the company’s ongoing legal battle with the US Federal Trade Commission, which seeks to block Microsoft’s $69 billion acquisition of Activision Blizzard.
According to the documents, Microsoft is preparing to launch a range of new products, including gaming consoles, smartphones, web browsers, personal computers, and a new cloud system. Notably, these devices are set to feature improved support for crypto wallets.
In the world of web3, crypto wallets function similarly to physical wallets, holding the essential credentials (private keys) required to access a crypto address on a blockchain. It’s worth noting that the crypto industry’s landscape is rapidly evolving, and the support of a major tech company like Microsoft could have significant implications.
Axios cautioned that Microsoft’s plans may have changed since the release of these documents, and the company has not yet responded to media inquiries for comment. Nevertheless, the potential for one of the world’s most influential tech companies to embrace crypto across its device ecosystem is seen as a positive development for the broader crypto industry.
Improving accessibility and ease of use for web3 services among non-crypto users is considered essential for achieving widespread adoption of cryptocurrencies.
Microsoft has been making notable moves in the crypto space in recent times. Earlier in the year, the company announced a partnership with Aptos, a layer-1 blockchain protocol developed by former Facebook employees involved in the Libra/Diem blockchain project. This partnership aimed to create new artificial intelligence (AI) blockchain products and explore blockchain-based financial products, including asset tokenization and central bank digital currencies (CBDCs).
Additionally, Microsoft collaborated with LeverFi to launch an AI-backed solution targeting challenges in the decentralized finance (DeFi) industry, indicating the company’s increasing interest in blockchain and crypto-related innovations.
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