Microsoft plans to expand support for cryptocurrency wallets in the next generation of hardware products.

Microsoft to expand support for cryptocurrency wallets in future hardware products.

Author: Joel Frank, Cryptonews; Translation: Song Xue, LianGuai

A report from Axios on Monday suggests that the next generation of Microsoft hardware products may expand support for cryptocurrency wallets.

According to Axios, Microsoft has just released detailed documents outlining its plans, which are part of the ongoing lawsuit between Microsoft and the US Federal Trade Commission. The FTC is attempting to block the tech giant’s $69 billion acquisition of Activision Blizzard.

According to the documents, Microsoft plans to release a suite of new products, including gaming consoles, smartphones, web browsers, personal computers, and a new “cloud system”.

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For the cryptocurrency industry, the important thing is that these devices will provide advanced support for cryptocurrency wallets.

Cryptocurrency wallets are so named because their functionality in the web3 world is similar to that of physical wallets.

Axios warns in the report that Microsoft’s plans are likely to change since the release of these documents.

However, in fact, one of the most influential tech companies in the world is seeking to embrace cryptocurrency technology in more ways in its device suite, which could be a major positive catalyst for the entire cryptocurrency industry.

If cryptocurrency technology is to achieve the widespread adoption that its supporters hope for, making it easier for non-crypto professionals to access and use web3 services will be crucial.

Microsoft goes bigger in its path to the crypto world

The news that Microsoft may expand support for wallets and other web3 services in its next generation of hardware devices is not the only move the company has made in the cryptocurrency field this year.

Earlier this summer, the tech giant announced a partnership with the Layer 1 blockchain protocol Aptos.

The motivation behind this collaboration is Microsoft’s desire to develop new artificial intelligence (AI) blockchain products.

Aptos and Microsoft have also agreed to explore the creation of blockchain-based financial products that can expand the use cases of blockchain, including asset tokenization and central bank digital currency.

In another summer announcement, Microsoft announced that it has teamed up with LeverFi to launch an AI-supported solution aimed at addressing challenges in the decentralized finance (DeFi) industry.

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