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Home Tech News Africa Tech News

Microsoft tests crypto wallet for Edge Browser

Modupeoluwa Olalere by Modupeoluwa Olalere
March 22, 2023
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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.

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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.

Microsoft adds 13 new African languages to its translation service

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.

Tags: crypto currencyEdge browserMicrosoft
Modupeoluwa Olalere

Modupeoluwa Olalere

Modupe is a tech content writer with 3+ years of experience turning complex ideas into clear, engaging stories. She covers innovation, digital trends, and emerging technologies. When she’s not writing, she’s exploring new tools or tracking trends shaping Africa’s tech ecosystem.

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