Microsoft is developing a built-in non-custodial Ethereum crypto wallet on Microsoft Edge. this crypto wallet will allow its users to send and receive cryptocurrency and NFTs directly from the browser.
Microsoft Edge, a browser developed in 2015 by one of the leading global software companies, Microsoft, became home to the latest laptops and computers launched soon after its release. Today, Microsoft Edge is one of the most popular browsers used globally.
According to the first tweet about this Microsoft Edge update posted by Microsoft sleuth Albacore on March 17, the users are questioning how this new feature will impact the default browser usage.
Now if you have a computer or laptop of recent age, which is quite common, we’re sure Microsoft Edge is your go-to smooth, powerful, and user-friendly browser for all things browsing.
But with this popular browser testing its built-in Ethereum crypto wallet, it’s taking the users into the Web3 metaverse. This wallet will be non-custodial, excluding the counterparty risk of accessing your decentralized wallet’s private key and storing cryptocurrency.
Hence, whether you’re familiar with using crypto wallets or this will be your first time stepping into the decentralized fund managing wallet – Microsoft Edge has your back with the utmost security and efficiency coming with the wallet they are developing.
The Limited Testing Phase of Microsoft Edge’s New Crypto Wallet
Since Microsoft Edge’s crypto wallet is currently in its limited testing phase, it is only available to Microsoft Edge Dev Channel users.
Among the limited users that tested this new feature, BleepingComputer shared the working features of this wallet.
Key Highlights of the Wallet:
- During onboarding, you have to create a password to protect your assets. If you forget its password, you must also enter a 12-word recovery phrase to restore your crypto wallet.
- Following completion of the onboarding procedure, the wallet produces an Ethereum address, allowing you to receive funds via the Ethereum network.
- You can share public keys with others using the wallet to receive payments. However, it advises keeping private keys a secret, which you can use to authorize transactions when spending your money.
- Microsoft Edge’s Crypto Wallet, like other cryptocurrency wallets, enables numerous Ethereum accounts and allows you to move between them as needed.
- The Edge crypto wallet may also link to decentralized apps (dApps) and has a news section to stay up with the newest cryptocurrency developments.
For testers and users of this new feature, Microsoft Edge also offers the feasibility of choosing the crypto wallet as their default built-in or extension wallet with the Edge browser. Redmond also plans to offer Bitcoin wallet support in the future.
Currently, to promote additional crypto-based solutions to browser users, Microsoft has also partnered with Consensys. As a result of this partnership, the platform is developing a cryptocurrency swap feature between Dai Stablecoin, Ethereum, Uniswap, Tether Coin, and USD Coin.
Also Read: Microsoft is testing a modern Windows 11 volume mixer
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