Microsoft plans to support cryptocurrency wallets in Edge, supporting Ethereum/Web3/NFT
Microsoft keeps stuffing various functions into the Microsoft Edge browser, and the latest feature to be added is a cryptocurrency wallet. Note that this is native support for a cryptocurrency wallet in Microsoft Edge, not support provided by Microsoft through an extension.
From screenshots posted by netizens, the built-in cryptocurrency wallet in Microsoft Edge mainly supports the Ethereum blockchain network. This can be understood because most popular cryptocurrency applications are based on Ethereum.
Supported cryptocurrencies include but are not limited to Ethereum wallets, DAI, NFTs and keywords mentioned by Microsoft: Web3. For the cryptocurrency community, Microsoft is a heavyweight guest. By supporting cryptocurrencies and Web3 through the Microsoft Edge browser, it should have a positive impact on the development of Web3.
On another note, we don’t know if Microsoft thinks that since they’re already supporting Ethereum blockchain networks they might as well support NFTs too. The hype around NFTs has passed but surprisingly enough it was still mentioned separately in the new features of the Microsoft Edge crypto wallet.
In terms of functionality: The crypto wallet in Microsoft Edge provides complete wallet functionality including creating wallets with passwords; sending and receiving Etherium-based tokens; even SWAP transactions are supported.
Stablecoins such as USDT and USDC are also supported which are both based on Ethereum’s network (TRC20 or Tron Network isn’t supported). When sending Etherium payments ENS domains can also be used which shows how comprehensive their approach has been even before launching these features online.
Additionally for countries or regions where it’s supported -Microsoft offers purchasing services for cryptocurrencies via Coinbase and MoonPay- currently only available in few countries like USA etc..
It’s unclear when exactly will this feature go live officially but one thing seems certain -the more functionalities get added to MS edge- It may become bloated just like Chrome did leading Google to launch ChromeOS so if Microsoft launches its own OS called “EdgeOS”, it wouldn’t come as much surprise.