Microsoft’s Confidential Plan Unveiled: Potential Catalyst for the Next Crypto Bull Run

Microsoft’s Confidential Plan Unveiled: Potential Catalyst for the Next Crypto Bull Run

Reuters

KEY POINTS

Microsoft reportedly plans to‌ introduce a new-gen ⁤disc-less Xbox Series​ X, ⁤a next-gen hybrid Xbox and a‌ gyro controller in 2028

The ⁤leaked documents also highlighted​ the company’s roadmap

Microsoft‍ Gaming ‍CEO Phil Spencer made ‍light‌ of the leak, claiming some plans have already been changed.

Tech titan Microsoft is planning to integrate a‌ crypto ⁣wallet feature ​into​ its next-generation gaming​ console, leaked unredacted documents show.

In ⁣what many labeled⁤ the ​”largest‍ in Xbox history” because of the⁣ rarity of ‍such⁣ unredacted emails becoming available to the public, Microsoft’s tightly wrapped plans seem to have been made public now.

The leaked documents, which included internal data, ⁤were part of the‌ ongoing battle between the‍ Federal Trade Commission (FTC) and the Redmond,​ Washington-based tech titan.

Aside⁤ from Microsoft’s plan to introduce a new-generation⁣ disc-less Xbox ‍Series​ X, a next-generation hybrid ⁤Xbox and a gyro controller ⁢in 2028, the leaked documents also highlighted the company’s roadmap, detailing its plan to integrate cryptocurrency wallets into its⁢ upcoming gaming console.

Aside from ‌the support for ⁣crypto⁣ wallets and their possible integration in the gaming console, no other details have been revealed.

Microsoft Gaming⁢ CEO Phil Spencer ⁢made ‌light⁢ of the leak, claiming some plans have⁤ already been changed.

“We’ve seen ⁢the conversation around old ​emails and documents. It is⁢ hard to see our team’s ⁤work shared in this way ⁢because so much has changed and there’s so much⁣ to be excited about right now and​ in the future. We will share⁢ the real plans when we are ready,” Spencer said.

In an email sent ⁣to Microsoft employees following the leak, the executive said,​ “I know‌ this is disappointing, even if many of the documents ⁣are well over a year old and our plans have ‌evolved. I also know we‌ all ⁤take the confidentiality of our plans and our partners’ ‍information​ very seriously. This leak obviously is not us living ⁢up to that expectation.”

While it has become‌ a general notion that the Securities and Exchange Commission (SEC) approval ⁣for the spot Bitcoin exchange-traded fund ​(ETF) applications of Wall Street giants ‌would drive the next crypto bull run, it looks like Microsoft, via its gaming console Xbox, could also fuel the much-awaited bull season.

However, Microsoft​ has not confirmed any crypto integration on its gaming console, leaving its potential ‍impact on ​the crypto industry purely speculative at the moment.

Microsoft has been‌ making⁤ headlines ⁤in ⁤the past because of rumors that it was working on several projects related to cryptocurrency and Web3. The tech‍ giant was rumored to ‍be working on the integration ​of a non-custodial Ethereum wallet on its Edge ‍browser although details about⁢ it have been scarce.

Earlier this year, the company ​collaborated with the decentralized blockchain infrastructure⁤ provider Ankr to provide a node hosting service on Microsoft‌ Azure Marketplace⁣ to offer support for institutions‌ looking to access blockchain data.

Microsoft

2023-09-28 18:48:02
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