Microsoft wants to use Bitcoin. Information about the Xbox crypto wallet got out. Microsoft intends to add coins to its Xbox services.
The Xbox crypto wallet could be made based on what has been leaked recently. Microsoft’s Bitcoin plans solved the mystery, but they also made a bigger mystery because people do not know much about the leak or how it happened.
Recent news reports say that Microsoft plans to add Bitcoin wallets to its Xbox game system. Gamers and cryptocurrency fans are excited about these stolen internal papers, part of Microsoft’s ongoing legal fight with the Federal Trade Commission (FTC). This new information could change how we think about games and digital money.
Microsoft’s plans for Bitcoin were leaked, and the Xbox could have a cryptocurrency wallet.
The leaked papers on the ResetEra gaming forum have shown what Microsoft has in store for its Xbox gaming system. The Xbox roadmap for May 2022, which showed Microsoft’s Bitcoin plans, was hidden in these secret files. It was a bold move for Microsoft to add crypto wallet support to its gaming device. However, the details of this merging were kept confidential, which led to a lot of wild guessing.
Phil Spencer, the head of Xbox, said that the FTC’s lawsuits against Microsoft were to blame for this leak. These secret papers were accidentally made public in their attempt to stop Microsoft from buying Activision Blizzard for $69 million. Spencer admitted that some plans may have changed, but he stayed positive, saying, “There is so much to look forward to now and in the future.”
Microsoft’s plans for Bitcoin have given gamers “hope.”
Even though Microsoft’s plans are still unclear, the cryptocurrency community is very optimistic about what the leak means. According to CoinSlate, Gemini’s co-founder Tyler Winklevoss emphasized how big the gaming industry is by saying, “Crypto is gamer money, and gaming is a bigger industry than Hollywood and the music industry combined.” This shows how big of an effect it can have on this growing business if traditional tech giants start using cryptocurrencies like Bitcoin (BTC).
Microsoft has not confirmed this link in public, so we do not know the possible effects. Still, the excellent response from the crypto community shows how important it is for gaming and cryptocurrency to work together.
Microsoft’s involvement in the crypto industry grew in August when it started working with Aptos Labs, the company behind the Aptos (APT) layer1 blockchain network, to improve the powers of the web3 ecosystem.
The way forward: Crypto and games
Some people are calling this leak the “biggest in Xbox history.” It has brought back arguments that have been going on for years. There have been rumours for a long time that Microsoft and other big companies like Apple, Amazon, Facebook, and Google want to use cryptocurrencies as blockchain technology improves.
Regulatory problems and changes in the market have sometimes made it harder to reach these goals. But the recent rise in interest in cryptocurrencies, as shown by a rush of spot Bitcoin ETF applications and big banks announcing blockchain-based projects, suggests that Microsoft and Xbox may soon join the world of crypto wallets.
Kitco says that there are reports in the IT industry that Microsoft is working on adding a non-custodial Ethereum (ETH) wallet to its Edge browser, but there are few details. Games and digital assets will have to come together, and if a big IT company does it, others may follow.
This mix of web3, blockchain gaming, and digital assets could change the future of gaming by giving players new ways to take part, make transactions, and legally own their in-game purchases.
The tech world is eagerly watching as the deadline for the merger between Microsoft and Activision Blizzard is pushed back to October 18 to give regulators more time to address their concerns. One thing is sure: the combination of games and cryptocurrency is coming, which could change the digital world as we know it.