Microsoft is working on a built-in cryptocurrency wallet for its Edge browser. The function, according to Microsoft, would provide clients complete control over a non-custodial cryptocurrency wallet.
The integrated features would aid in protecting consumers from malicious websites or programmes, according to software preservationist Albacore. Microsoft says the capability provides a clear, basic user experience that improves users’ interactions with Web 3.
The Edge browser will have a crypto wallet, making it simple to use without the need for add-ons.
It is intended, as a novel introduction, to handle various forms of cryptocurrencies and record transactions and cryptocurrency prices when vulnerability affects them.
The “Explore” and “Assets” tabs show crypto news and NFTs, respectively. As said, the wallet is non-custodial, meaning its owner controls all passwords and recovery keys.
Microsoft will never enable users to use their wallets if they lose their credentials due to multiple errors.
Read also: Meta removes Facebook, Instagram NFT functions amid Crypto turmoil
Microsoft Edge’s built-in crypto wallet
In order to shape Microsoft’s venture into cryptocurrencies and non-fungible tokens (NFTs), the company informed testers that they had the “unique opportunity” to do so. As a result, it urged them to offer unbiased and thoughtful feedback on the functionality of the wallet and other elements that could be incorporated to meet its objective.
Testers will need to utilize their money in order to test the built-in cryptocurrency wallet of Microsoft. Microsoft is adamant that any losses made while testing the new functionality would not be covered by the company.
Users are prompted to set a password while configuring their crypto wallet. Once the wallet has been set up, the testing team will have access to a dashboard that is jam-packed with features like an overview, assets, transactions, connections, and explore tabs.
The value of the cryptocurrency being stored is shown in the report, along with its historical value. This can be used to determine whether or not trading in a specific cryptocurrency is a waste of time. A transaction button provides users with authority to conduct various types of transactions. The thumbnails suggest that the wallet is Ethereum-compatible.
Sending crypto requires a public address, nickname, or ENS name. Coinbase and MoonPay exchanges allow crypto purchases. The Edge crypto wallet’s Assets section has crypto and NFT subsections. Crypto displays the wallet’s cryptocurrencies’ names, balances, 24-hour price volatility, and market prices. NFTs will consolidate users’ marketplace collections.
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More browser wallets
The integration of cryptography by default in a web browser is not unique to Microsoft Edge.
Opera has accepted cryptocurrency since 2018, introducing the feature initially on mobile before extending it to desktop in 2019. As of 2022, Opera supported multiple blockchain ecosystems and was developing a version focused on cryptocurrencies.
In addition, Brave has its own cryptocurrency wallet and native Basic Attention Token (BAT). It also connected with Solana in 2021 and Binance in 2020.
Metamask and MEW are third-party cryptocurrency wallets that can be installed on Mozilla Firefox and Google Chrome.
A number of browser developers have taken a stance against cryptocurrencies. Vivaldi, a competitor to Opera, has declared that it will never establish a cryptocurrency. In 2022, in response to the outrage, Mozilla, the company that created Firefox, ceased taking crypto payments for its own organization.
