Recently leaked documents reveal that tech giant Microsoft plans to integrate cryptocurrency wallets into its Xbox gaming console.
The leaked internal documents were posted on the gaming forum ResetEra show that the Xbox roadmap for May 2022 included support for crypto wallets. However, details about this planned integration were not shown.
Xbox head Phil Spencer attributed the leak to the Federal Trade Commission’s legal action against Microsoft. The FTC’s opposition to Activision Blizzard’s $69 million acquisition resulted in Microsoft inadvertently including leaked documents in their submissions.
Reports showed that the leaked documents revealed key communications between Xbox executives, plans for a new discless Xbox Series X, a gyro controller, and even a next-generation hybrid Xbox in 2028.
Nevertheless, Spencer tried to make light of the leak, noting that some plans had already changed. He said:
“It’s hard to see our team’s work shared in this way because so much has changed and there is so much to be excited about, now and in the future.”
Crypto community excited
Although Spencer has indicated that the company’s plans may have undergone changes, the cryptocurrency community remains optimistic about the leak. Gemini co-founder Tyler Winklevoss explained the incident, highlighting the sheer size of the gaming industry.
“Crypto is gamer money and gaming is a bigger industry than Hollywood and the music industry combined,” he said.
In the meantime, this development has led to speculation about integration could open up new use cases for cryptocurrencies like Bitcoin (BTC).
However, it is important to note that the potential impact remains speculative as Microsoft has not officially confirmed any integration. Nevertheless, the crypto community’s enthusiastic response underlines the importance of traditional tech giants embracing the emerging industry.
In August, Microsoft expanded its partnership within the crypto sector by partnering with Aptos Labs, the layer1 blockchain network developer of Aptos (APT). This partnership aims to expand the capabilities of the web3 ecosystem.
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