Microsoft Will Present Crypto Wallet In Xbox

Crypto wallets will be present on the XBox console. (Photo; Doc. Techspot)

JAKARTA - Microsoft, one of the leading technology companies, is reportedly planning to integrate crypto wallets into their most popular game console, Xbox. This news shows Microsoft's ambition to bring the crypto world into the Xbox gaming ecosystem.

This information first appeared on ResetEra's game forum and described Xbox's plans from May 2022, which includes plans to support crypto wallets in the next version of the Xbox console.

Documents related to this emerged after the Federal Trade Commission (FTC) sued Microsoft's 69 billion US dollars acquisition plan (around Rp1 quadrillion) against gaming company Activision Blizzard. In a memo to Microsoft employee, Head of Xbox, Phil Spencer, confirmed the authenticity of the document.

However, he stressed that much of the information in the document is outdated and does not reflect the company's current position. He stated that Microsoft will share actual plans when the company is ready.

This news has sparked enthusiasm and discussion in the crypto community and the gaming industry. Crypto integration into Xbox has the potential to open up many new opportunities for gamers, game developers, publishers, and investors.

This will allow gamers to use crypto to buy various items in games, digital assets, modifications, and even games themselves. In addition, gamers will also be able to trade in digital games and assets without the need to involve intermediaries.

This integration can also help increase crypto adoption by attracting millions of people into the crypto ecosystem through popular gaming platforms like Xbox. In addition, it can also shake up the conventional gaming economy by allowing gamers to buy downloadable content and games from unconventional sources.

Michael Silberberg, head of investor relations at AltTabCapital, commented on the news, saying that "digital assets and games are always closely related conceptually."

He also added that the integration of cross-chain crypto wallets from Microsoft into Xbox could facilitate the creation and maintenance of real value in the gaming world, support the true ownership of digital assets, and create a market driven by decentralized players.

In addition to integration with Xbox, Microsoft has also shown interest in blockchain technology and its applications. They recently partnered with blockchain-1 network developer Aptos to develop the Web3 ecosystem. It seems that Microsoft is trying to remain relevant in the development of blockchain and crypto technology.