Leaked Docs Reveal Microsoft's Plans for Crypto Wallet on New Xbox Consoles

Leaked Microsoft documents show plans for a "crypto wallet" feature on next-gen Xbox consoles.
The wallet would be a Microsoft-developed solution, not an industry-wide one. Unclear if it's a new wallet or integration with existing.
The documents are from May 2022, before the crypto market crashed, so plans may have changed.
Xbox head Phil Spencer tweeted that some leaked plans are outdated and have evolved.
Next Xbox console likely coming in 2028, but mid-gen updates in 2023. Xbox already launched themed credit cards this month.

decrypt.co

Relevant topic timeline:

9/11/2023

Microsoft Launches New Xbox Mastercard with Rewards for Xbox Players

Microsoft is launching the Xbox Mastercard, a credit card exclusively for Xbox testers in the US, which offers points that can be redeemed for games and add-ons.

9/18/2023

Crypto Wallet Market Forecast to Grow $686 Million by 2026, But Regulation Looms

The use of crypto wallets is predicted to grow by $686 million by 2026, driven by the expansion of wireless networks, online transactions, and evolving regulations, according to market research firm Technavio, with the COVID-19 pandemic and the rise of play-to-earn games contributing to the increase in wallet creation. However, new regulations aimed at regulating cryptocurrencies could potentially slow down adoption.

9/19/2023

Microsoft Paid Huge Sums to Bring Blockbusters to Game Pass, Documents Show

The leaked Xbox documents reveal that Microsoft may pay upwards of $300 million to secure games for Game Pass, shedding light on the significant financial impact of subscription services in the gaming industry.

10/13/2023

Microsoft Explores Metaverse for Business Despite Gaming Leadership's Skepticism

The Microsoft deal to acquire Activision Blizzard may have more potential for the future of cryptocurrency than the metaverse, despite initial emphasis on the metaverse in Microsoft's announcement, as leaked documents suggest plans to integrate crypto wallets into Xbox.

Topics

Posted 9/27/2023, 6:24:55 PM