Leaked documents reveal Microsoft’s plans to bring crypto wallets to Xbox Leaked documents reveal Microsoft’s plans to bring crypto wallets to Xbox
The leaked documents have been described as the "largest" in Xbox history.
2 min read
Updated: Sep. 26, 2023 at 9:36 am UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Recently leaked documents reveal that tech giant Microsoft plans to integrate cryptocurrency wallets into its Xbox gaming console.
The leaked internal documents posted on the gaming forum ResetEra show that the Xbox roadmap for May 2022 included crypto wallet support. However, specifics about this planned integration were not shown.
Phil Spencer, head of Xbox, attributed the leak to the Federal Trade Commission’s legal action against Microsoft. The FTC’s opposition to the $69 million Activision Blizzard acquisition resulted in Microsoft unintentionally including leaked documents within their submissions.
Reports showed that the leaked documents revealed key communications between Xbox executives, plans for a new disc-less Xbox Series X, a gyro controller, and even a next-gen hybrid Xbox in 2028.
Nevertheless, Spencer tried to make light of the leak, noting that some plans had already changed. He said:
“It is hard to see our team’s work shared in this way because so much has changed and there’s so much to be excited about right now, and in the future.”
Crypto community excited
While Spencer has indicated that the company’s plans might have undergone changes, the cryptocurrency community remains optimistic about the leak. Tyler Winklevoss, co-founder of Gemini, weighed in on the incident, highlighting the vast scale of the gaming industry.
“Crypto is gamer money and gaming is a bigger industry than Hollywood and the music industry combined,” he said.
Meanwhile, this development has sparked speculation that the integration could open up new use cases for cryptocurrencies such as Bitcoin (BTC).
However, it’s important to note that the potential impact remains speculative, as Microsoft has not officially confirmed any integration. Nevertheless, the enthusiastic response from the crypto community underscores the significance of traditional tech giants embracing the emerging industry.
In August, Microsoft expanded its collaboration within the crypto sector by teaming up with Aptos Labs, the layer1 blockchain network Aptos (APT) developer. This partnership aims to advance the capabilities of the web3 ecosystem.
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Oluwapelumi Adejumo
Oluwapelumi values Bitcoin's potential. He imparts insights on a range of topics like DeFi, hacks, mining and culture, underlining transformative power.
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Microsoft is an American multinational technology company that develops, licenses, and sells computer software, consumer electronics, and personal computers.