Tech giant Microsoft is making new efforts in the blockchain space. After collaborating with Ankr to provide businesses with simplified access to the technology, Microsoft is taking the next step by creating an Ethereum-compatible hot wallet.
Microsoft integrates the Ethereum Wallet into the Edge browser
Microsoft announced its entry into the world of cryptocurrencies with the creation of a hot wallet compatible with Ethereum. Integrated into Microsoft’s Edge browser, this wallet will give users full control over their funds, allowing them to send and receive cryptocurrencies of their choice, including NFT non-fungible tokens.
On Friday, March 17, Albacore, a specialist investigator, discovered this new feature and shared screenshots of the application on Twitter.
However, he expressed concerns about the possibility of this wallet becoming a new feature integrated into Microsoft Edge. Screenshots posted by Albacore, which is known for unveiling software features before release, also show a merger between Coinbase and Moonpay.
Microsoft’s Wallet will allow the exchange of different cryptos
Microsoft plans to launch a hot wallet similar to MetaMask, which will offer users a solution for storing their private keys for cryptocurrencies. This wallet will be compatible with Ethereum and other blockchains EVM compatible, providing great flexibility to users.
Microsoft will also integrate an exchange functionality between different cyptos, in particular Ether (ETH), Uniswap (UNI) and stablecoins, including the Dai (DAI), USDC and Tether (USDT).
Microsoft has announced that the hot wallet will be integrated into its edge browser, but clarified that he would not be responsible if the funds were lost, as the wallet is still in the testing phase. Microsoft continues to expand its range of services in the field of blockchain technologies and strengthen its commitment to cryptocurrency users.
As a tester, you will use your own funds. In the event of loss of funds, Microsoft will not reimburse any loss. This is a confidential project and no details should be shared outside.
According to Bleeping Computer, which has tested the Wallet, only users of Microsoft Edge Dev Channel currently have access to it. The information indicating the date of its deployment is not yet disclosed.
Hopefully users of other browsers will also be able to benefit from this feature in the future. In the meantime, let’s keep our private keys safe in a Cold Wallet like Ledger.
CEO and Editor-in-Chief of Coinpri I have been navigating the waters of Blockchain for 5 years already.
Wait, I can see the Promised Land of Adoption in the distance.