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FameEX Hot Topics | Microsoft Edge reportedly considering integration of in-built cryptocurrency wallet

2023-03-20 14:59:30

Microsoft is reportedly developing a new Crypto Wallet feature for its Edge browser that will enable users to securely store, send, and receive cryptocurrency funds directly within the browser. The feature is also expected to support the storage of non-fungible tokens (NFTs), making Edge a comprehensive platform for all things related to cryptocurrency and blockchain-based assets.Cryptocurrency has gained significant popularity in recent years, with Bitcoin, Ethereum, and other digital currencies becoming increasingly mainstream. However, many people are still hesitant to invest in or use cryptocurrency due to concerns about security and ease of use. The development of a Crypto Wallet feature by Microsoft could help to address these concerns and make cryptocurrency more accessible to a wider range of users.

The new Crypto Wallet feature will provide an added layer of security compared to storing funds on an exchange or external wallet. Users will be able to store their cryptocurrency funds directly within the browser, and they will also be able to send and receive cryptocurrency funds without the need for additional software or tools.In addition to supporting cryptocurrency, the new feature will also enable users to store NFTs, which are unique digital assets that are becoming increasingly popular in the art and collectibles world. By allowing users to store and manage their NFTs within the browser, Microsoft Edge could become a one-stop-shop for all things related to cryptocurrency and blockchain-based assets.Microsoft's development of the Crypto Wallet feature is just one of several recent moves by the company to embrace cryptocurrency and blockchain technology. In 2019, Microsoft announced the launch of Azure Blockchain, a cloud-based service that enables users to build and manage blockchain-based applications. The company has also been exploring the use of blockchain technology for identity verification and supply chain management.

The new Crypto Wallet feature by Microsoft Edge is a significant step towards making cryptocurrency more accessible and user-friendly. By providing a secure and convenient way to store and manage cryptocurrency funds and NFTs, Microsoft is helping to pave the way for a more mainstream adoption of digital currencies and blockchain-based assets. As more people become comfortable using cryptocurrency and NFTs, the market for these assets is likely to grow, and Microsoft's new feature is poised to play a significant role in that growth.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.

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