Microsoft is exploring the development of a crypto wallet feature for its Edge browser. According to Windows Central, Microsoft is currently testing the non-custodial wallet feature, which will enable Edge users to store, send, and receive cryptocurrency funds, as well as store non-fungible tokens (NFTs). The wallet feature will be password-protected and users will be able to recover access if they forget their password.
The new crypto wallet feature will be integrated directly into Edge’s existing wallet feature for storing payment cards. After signing up, users will have access to all their assets, including crypto funds, price trends, and the ability to send or receive crypto using known addresses and names. This development indicates Microsoft’s interest in exploring the potential of NFTs and cryptocurrencies.
The rise of NFTs and the need for secure and transparent ownership of digital assets has made digital ownership increasingly important. NFTs offer a new paradigm for digital ownership and the transfer of value, providing a way for creators to monetize their digital content and establish verifiable ownership. The gaming industry has already embraced NFTs, and their potential to transform industries across the board is enormous.
In addition to the crypto wallet feature, Microsoft plans to accelerate the adoption of multi-factor authentication (MFA) for its 365 Cloud productivity platform. The company will add MFA capabilities to the Outlook email client through a new feature called Authenticator Lite. This feature will enable users to complete MFA requests for its 365 apps directly in the Outlook app. Users can use Authenticator Lite to add an extra layer of security to their Outlook logins for work or school.
The rise of NFTs and cryptocurrencies has brought about a massive shift in the way we think about digital ownership and value. As more aspects of our lives have moved online, the need for secure and transparent ownership of digital assets has never been more critical. Microsoft’s exploration of the crypto wallet feature for Edge indicates the company’s interest in exploring the potential of NFTs and cryptocurrencies. The rise of NFTs is an exciting development that could transform industries across the board, from art to music to fashion to sports.