As per reports, there are indications that Microsoft may introduce cryptocurrency wallet functionality in the upcoming iteration of its Xbox gaming console. The release of this upgraded Xbox is speculated to occur as early as 2024. In addition to the potential inclusion of digital wallet support, there have been rumors circulating about the integration of artificial intelligence (AI) and machine learning capabilities into the new Xbox. These technologies are said to be geared towards generating in-game character dialogues and enhancing frame rates (FPS).
Furthermore, it is worth mentioning that the revised console is expected to be entirely digital, eliminating the need for a disk drive, and it may come with 2 TB of storage and improved power efficiency.
However, it’s important to highlight that Microsoft has not officially disclosed any information regarding cryptocurrency support for the Xbox platform. Additionally, it should be noted that the leaked presentation slides obtained by Axios date back to May 2022. While an updated Xbox is rumored to launch sometime in the coming year, the report specifies that the next generation of the gaming console is anticipated to debut in 2028.
Is Microsoft Seriously Considering Cryptocurrency Support for Xbox?
While there hasn’t been any formal confirmation, there exists a possibility that the prominent technology company might introduce support for cryptocurrency wallets in its gaming console. Digital asset is gradually gaining wider acceptance as a payment method, and the popularity of Web3 gaming is on the rise. The inclusion of a crypto wallet could streamline interactions with Web3 applications and games, potentially giving Microsoft a competitive advantage over Sony and other rivals in the gaming industry.
Moreover, in March 2023, reports emerged that Microsoft was in the process of integrating a cryptocurrency wallet into its Edge web browser. This wallet was designed with the intent of simplifying the use of Web3 and making it more user-friendly.
While the tantalizing leaks have generated excitement, Microsoft has yet to officially confirm any details regarding its upcoming Xbox console revisions, particularly in terms of cryptocurrency support. It is prudent to reserve judgment until an official statement from Microsoft is made available.