Microsoft is slowing down on artificial intelligence but would be ready to revolutionize the world of gaming with the integration of cryptocurrencies on Xbox. Here’s what’s true.
Microsoft is preparing to revolutionize the cryptocurrency sector: the next Xbox could integrate cryptocurrencies, allowing players direct access to Bitcoin, Ethereum, and other tokens. This announcement could open new frontiers for the blockchain sector and strengthen the role of technology giants and digital finance. Let’s see what has transpired so far while waiting for official confirmation.
Will Microsoft integrate cryptocurrencies on Xbox?
Rumors suggest that Microsoft is planning to incorporate a cryptocurrency wallet into the next generation of Xbox. This news took shape thanks to internal Microsoft documents leaked this week on ResetEra, a forum for video game enthusiasts. These documents reveal an Xbox roadmap dated May 2022, which features the integration of crypto wallets. The massive leak was linked to documents related to the Federal Trade Commission’s lawsuit against Microsoft’s $69 billion takeover bid for Activision Blizzard.
Phil Spencer, head of Xbox, denied the rumors, claiming that many of these documents date back over a year and that business plans have evolved in the meantime. The new "ecosystem generation", which includes consoles, phones, web browsers, a handheld system, PCs, and a "cloud console", along with support for artificial intelligence and machine learning, is expected no earlier than 2028 and may undergo further changes. Spencer promised to share the actual plans when they were ready.
Microsoft’s strategy
Microsoft’s interest in the world of cryptocurrencies and Web3-based solutions is well known, but so far no concrete cases of adoption have occurred.
Additionally, Microsoft announced a reduction in investment in research and development of AI chips, causing quite a stir in the tech industry. This move raises questions about the state of the AI industry, which has experienced explosive growth. However, it is important to consider that market dynamics are not uniform, and each player has its own unique strategy. Microsoft’s choice could represent a change in the orientation of resources towards promising sectors such as cloud computing and software development.
As reported by CoinSlate, Tyler Winklevoss, co-founder of Gemini, emphasized the impact of this news on the video game industry:
"Cryptocurrencies are gamers’ money, and the video game industry surpasses Hollywood and the music industry combined."
However, it is important to underline that Microsoft has not yet publicly confirmed this possible integration, leaving the debate open.
Cryptocurrencies, games and technology
Microsoft, together with giants such as Apple, Amazon, Facebook and Google, apparently likes the idea of blockchain technology integration. Despite regulatory challenges and market fluctuations, the growing interest in cryptocurrencies, evidenced by the rise of Bitcoin ETFs and the efforts of large banks in the blockchain sector, indicates that Microsoft could soon enter the wallet field, with Xbox. There is also talk of a possible Ethereum wallet integrated into Microsoft’s Edge browser. This merger between games and digital assets seems inevitable and could open up new ways for players to participate and transact. With the merger between Microsoft and Activision Blizzard, which should be formalized by October 18, the digital future promises to be revolutionary.
Original article published on Money.it Italy 2023-09-27 14:51:57. Original title: Microsoft è pronta a integrare le criptovalute su Xbox?
