Photo Credit: Yahoo Finance
Microsoft initially designed the Chromium-based Edge browser to be a slick and quick substitute for Google Chrome, but over time, it has added more pointless functions. A crypto wallet is one feature that is apparently in development and could be the worst illustration yet.
A cryptocurrency wallet for Microsoft Edge is currently being developed, according to Twitter user Albacore, who has a history of activating and documenting in-development features in Windows and Microsoft programs before they are officially released. In its advertising, the function claims to have “integrated security safeguards to protect you against unsafe addresses or apps” and “simplified experiences that make Web3 easier to work with.”
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After setting up a strong password for your bitcoin wallet, Microsoft Edge guides you through the process so that you may transfer and receive cryptocurrencies. Although it’s unclear which cryptocurrencies are supported, Coinbase and MoonPay are listed as choices for buying and depositing cryptocurrency, and screenshots show cryptocurrencies like Ethereum and Dai Stablecoin.
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The first web browser to include crypto capabilities would not be Microsoft Edge. Over the past several years, Opera has shifted its focus to crypto features, even going so far as to develop an Opera Crypto Browser. The specialized software has a built-in cryptocurrency wallet, DApp compatibility (web applications that interact with blockchains in some way), and NFT minting functionality.
Given that the majority of the enthusiasm and attention around cryptocurrencies has subsided over the past year, it is unusual to see Microsoft (allegedly) working on a cryptocurrency wallet for Edge. With the success of services like ChatGPT and Bing Chat, AI has essentially replaced cryptocurrency as the current tech trend. The cryptocurrency ecosystem is still recovering from the failure of exchanges like FTX and BlockFi. As the firm shifts its focus to AI research, Meta, the owner of Facebook and Instagram, has given up on its NFT and cryptocurrency wallet efforts.
Photo Credit: Forbes
When Microsoft was contacted to inquire about the validity of the function, a representative responded, “At Microsoft, we regularly test new features to explore new experiences for our customers. We have nothing else to add at this time but look forward to hearing from customers and learning from their feedback.”