In a recent interview between Square Enix CEO Yosuke Matsuda and MCV, the executive shared his thoughts about microtransactions in the current state of the industry. He said the following when asked about how the practice was viewed on consoles.
What people expect and want in a home console game is perhaps quite different from what people want in a mobile game. The way that console games are made, the volume of content and how much effort goes into them, there's something in that which doesn't fit in the mind with microtransactions.
While this statement is rather cryptic, and doesn't promise any change, it's still means that at least Square Enix understands that console gamers don't like microtransactions in expensive titles. When you're paying $60 or more for a "AAA" game, and have to buy loot crates for weapons or other non-cosmetic items, it can put a lot of people off of your title. It seems unfair that you have to spend so much only to find out that you probably have to pay more.
Square Enix games like Deus Ex Mankind Divided featured gameplay-circumventing micropayments.
It's worth noting that Square Enix games like Deus Ex: Mankind Divided and Rise of the Tomb Raider featured microtransactions which gave those who paid gameplay advantages. Hopefully the publisher will find the correct balance in its future titles. At least the CEO acknowledges that console gamers don't want them in a game if they're already paying $60 or more.
Keep an eye on WindowsCentral.com/Gaming for all the latest in Xbox and Windows 10 gaming, accessories, news, and reviews!

Everything we know about Halo Infinite (so far)
Everything we know about Halo Infinite – Master Chief’s next big adventure headed to Xbox Series X, Xbox One, and PC.

Valheim Swamp guide: Swamp Key, Sunken Crypts, and more
Valheim's Swamp biome is the first real dangerous biome players will encounter in the game. Here's a complete guide to what threats you'll face in the Swamp, as well as how to find the biome, what treasures lie within, and more.

All the best games coming to PC and Xbox in 2020, 2021, and beyond
What's coming to Xbox Series X, Xbox Series S, and Xbox One in the future? Here are the biggest and brightest games we're looking forward to.

Go sim racing in style with any one of these great cockpits
Sim racing has experienced a boom in 2021 and that's led to some serious interest in getting a good cockpit. Whether you're new to the scene or more experienced and looking to up your game, one of these cockpits will give you comfort and support while you race all day and night.