Market Analysis Report (20 Mar 2023)

Microsoft is reportedly working on a built-in Ethereum cryptocurrency wallet for its Edge browser, which would enable its users to send and receive cryptocurrencies and non-fungible tokens (NFTs) without using additional extensions.

The wallet is currently in a limited testing phase, and is a non-custodial solution that would give users complete control over their funds. It was discovered by the pseudonymous software documenter “Albacore.”

The wallet’s development is in its early stages, with access to it being limited to Microsoft Edge Dev Channel users. The tech giant highlights that it will not have access to users’ passwords or recovery keys during the onboarding process to the wallet.

Once onboarding is complete, the wallet generates an Ethereum address for receiving funds. The Edge Crypto Wallet supports multiple Ethereum accounts. Users can also connect to decentralized applications (dApps) and access a crypto news section.

Microsoft also appears to offer built-in cryptocurrency swap features between ETH, DAI, UNI, USDC, and USDT through a partnership with ConsenSys.

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• Source: https://www.cryptocompare.com/email-updates/daily/2023/mar/20/