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According to recently leaked documents, technology giant Microsoft is planning to integrate a cryptocurrency wallet into its popular gaming console, Xbox. The documents also include an Xbox roadmap outlining their intentions to include a cryptocurrency wallet in the future console version, extending until May 2022.
The Biggest Leak in Xbox History
Recently news for technology giant Microsoft revealed their plans to integrate a cryptocurrency wallet into the Xbox console. The documents also included an Xbox roadmap outlining their intentions to include a cryptocurrency wallet in the future console version, extending until May 2022.
This leak, which brought Microsoft’s latest cryptocurrency plans to light, is considered the “biggest” in Xbox history due to the rarity of such unedited emails becoming public. Xbox president Phil Spencer recently sent an email to Microsoft employees regarding the leak, acknowledging that although most of the documents are over a year old and our plans have evolved, he understands the disappointment it has caused. He also emphasized that we take the confidentiality of our plans and partners’ information very seriously. This leak clearly indicates that we have failed to meet this expectation.
Game Industry Can Shape the Bitcoin Rally
Many market observers and experts are excited about the convergence of the gaming industry and cryptocurrencies. Tyler Winklevoss, co-founder of the cryptocurrency exchange Gemini, stated that crypto is gamer money and that the gaming industry is bigger than the music industry and Hollywood combined.
Bitcoin (BTC) and altcoins appear to be a natural ally of the gaming industry, with exchange value in online games, earnings rewards, and other things. Michael Silberberg, Head of Investor Relations at AltTabCapital, highlighted that the relationship between cryptocurrencies and gaming has always been close and intertwined. Furthermore, this relationship is not limited to just one segment of the gaming ecosystem.
In fact, in-game microtransactions contribute to nearly half of global gaming revenues. Microsoft’s integration of cross-chain wallets into Xbox opens the door for the next wave of game developers to create and protect tangible value in the in-game world. This also facilitates true ownership of Bitcoin, decentralized player-driven markets, and a decrease in digital economy fraud. Moreover, Microsoft recently partnered with Aptos Lab to bring together artificial intelligence and the Web3 world.
