Cointime

Cointime

Download App
iOS & Android

Microsoft Edge Browser to Launch Web3 Wallet for Ethereum

Microsoft is working on the creation and release of a Web3 wallet, based on Ethereum, which will run in its leading browser, allowing users to send and receive digital assets and NFT.

The wallet is currently in a limited testing phase and is not yet available to the public.

It was first reported by Microsoft technician Albacore, who shared some screenshots of the wallet on Twitter. Based on these, Microsoft is asking “testers”, via its Edge browser, to put in their own assets.

“We encourage you to try our first Web3 wallet and provide honest feedback along the way,” Microsoft said in one of the screenshots and added: “As early testers, you have a unique opportunity to shape our cryptocurrency and NFT presence.”

Without oversight

The wallet operates without supervision, meaning users have complete control over their funds and the tech giant will not have access to passwords or recovery keys. The wallet creates an Ethereum address that allows users to receive funds through the Ethereum network.

Users can also manage multiple Ethereum accounts and choose between the built-in Edge wallet or another extension.

Microsoft has partnered with Consensys to provide the exchange capability, supporting ETH, DAI, UNI, USDC and USDT, according to Bleeping Computer. It remains to be seen if Microsoft will add support for other digital assets in the future.

According to Albacore, the wallet may be released soon:

“Enabling the cryptocurrency wallet ended up being a less complicated process than I expected, so I think the release may not be far off,” he told Blockworks.

Monitoring developments

According to the screenshots, the beta version of the wallet also features a news section for monitoring industry developments, which includes the ability to connect to decentralized applications.

Microsoft’s Web3 wallet is also an attempt by the tech giant to gain the upper hand over its competitor, Google Chrome.

Major development

While the cryptocurrency wallet, Edge, is still in its testing phase, it could be a major development for Microsoft as it allows users to send and receive cryptocurrencies easily without installing additional extensions or apps.

Undoubtedly the emergence of Web3 technologies by companies with, so far, Web2 infrastructures, proves that they are looking for ways to integrate these decentralized solutions into their platforms.

Read more: https://medium.com/coinmonks/microsoft-edge-browser-to-launch-web3-wallet-for-ethereum-56588b93a059

Web3
Comments

All Comments

Recommended for you

  • DeepSeek Seeks Over $300 Million in First Round of External Funding

    According to The Information, DeepSeek is seeking over $300 million in its first round of external funding, with a valuation exceeding $10 billion.

  • BTC Surpasses $78,000

    Market data shows that BTC has surpassed $78,000, currently priced at $78,024.64, with a 24-hour increase of 5.63%. The market is highly volatile, so please ensure proper risk management.

  • BTC Surpasses $77,000

    Market data shows that BTC has surpassed $77,000, currently priced at $77,022.24, with a 24-hour increase of 3.42%. Due to significant market fluctuations, please ensure proper risk management.

  • US and Iran Discuss Plan to End War

    On April 17, U.S. media reported, citing two American officials and two sources familiar with the negotiations, that the United States and Iran are communicating about a plan aimed at ending the war. One key topic is the U.S. potentially unfreezing $20 billion of Iran's frozen assets in exchange for Iran giving up its enriched uranium stockpile. The report also quoted another source familiar with the mediation efforts, stating that negotiations are expected to take place this Sunday in Islamabad, the capital of Pakistan. (Xinhua News Agency)

  • ETH Surpasses $2400

    Market data shows that ETH has surpassed $2400, currently priced at $2402.37, with a 24-hour increase of 2.58%. The market is experiencing significant volatility, so please ensure proper risk management.

  • US Plans to Unfreeze $20 Billion in Funds for Iran's Uranium Cessation

    On April 17, according to AXIOS, two US officials and two sources familiar with the negotiations revealed that the US and Iran are negotiating a three-page plan to end the conflict, one element of which involves the US unfreezing $20 billion of Iranian funds in exchange for Iran abandoning its enriched uranium stockpile. According to the two sources, in the early stages of negotiations, the US proposed unfreezing $6 billion for humanitarian supplies, while Iran requested $27 billion. The latest figures being discussed between the US and Iran are $20 billion. One US official stated that this is the US proposal. Another US official described the concept of 'cash for uranium' as 'one of many discussions.' Meanwhile, the US is demanding that Iran agree to send all its nuclear materials to the US, while Iran has only agreed to 'dilution' within its territory. Under the compromise being discussed, some highly enriched uranium would be sent to a third country (not necessarily the US), while some would be diluted under international supervision within Iran.

  • Iranian Foreign Minister Amir-Abdollahian: Commercial Shipping in the Strait of Hormuz is Open

    On April 17, Iranian Foreign Minister Amir-Abdollahian announced that commercial shipping in the Strait of Hormuz is now open.

  • Payward Agrees to Acquire Crypto Derivatives Firm Bitnomial for $550 Million

    Kraken's parent company Payward has announced that it has agreed to acquire the stock and crypto derivatives trading company Bitnomial for $550 million. This is a cash and stock transaction that enables Payward to gain control of a fully licensed U.S. cryptocurrency derivatives stack, accelerating its expansion in regulated markets.

  • Senator Pressures U.S. DOJ and Treasury on Binance-Iran Fund Flow Issues

    On April 17, U.S. Senator Richard Blumenthal (Democrat, Connecticut) sent a letter to the Department of Justice (DOJ) and the Financial Crimes Enforcement Network (FinCEN) requesting clarification on the status of two compliance supervisors at Binance. Reports had previously indicated that internal investigators at Binance warned executives about over $1 billion in funds flowing to wallets related to Iran, but were subsequently fired. Binance denies that the dismissals were related to the investigation's findings and claims that its compliance system is stringent. Notably, the DOJ had previously terminated independent oversight requirements for Glencore and Boeing, raising concerns about whether similar oversight mechanisms have also been suspended for Binance. In 2023, Binance was fined $4.3 billion for failures in anti-money laundering and sanctions compliance, and the two supervisors were part of the agreement at that time.

  • Web3 data and AI company Validation Cloud completes $10 million in new round of financing

     Web3 data and AI company Validation Cloud announced a $10 million financing round from True Global Ventures. The company plans to use the funds to expand its AI products and achieve seamless access to Web3 data.

Daily Must-Read

Popular Activities

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

April 30 - April 30
Dubai

Popular Tags

Cointime
News
Contents
RSS
Company