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Is Spotify Looking to Add Crypto as Payment Method? This Job Offer Suggests It

Music and podcast streaming service Spotify posted a job offer that woke up interest in the crypto community, as it’s related to supporting cryptocurrencies for payments on the music platform, potentially.

Spotify Is Treading Crypto Waters With a New Job Listing

According to the job listing published on the talent acquisition platform Lever, the company is looking for an “Associate Director, Payments Strategy & Innovation” who is expected to bring in new payment strategies.

The description of the job role, based in their London offices, details:

This role will report to the Director, Payments Strategy & Innovation and will play a key part in defining and implementing Spotify’s payments strategy as well as leading Spotify’s activity within the Libra stablecoin project and wider digital asset & cryptocurrency space.

The music streaming service giant explains that the director should look for new opportunities in the “emerging ecosystem” of distributed ledger technology (DLT), blockchains, cryptocurrencies, stablecoins, central bank digital currencies (CBDCs), and other digital assets.

Interestingly, Spotify stresses the company’s need to lead their engagement in the “day-to-day” with the Libra Association.

Other streaming services have been showing an increasing interest in cryptocurrencies, such as Twitch, as the live-streaming company has encouraged people during 2020 to pay their subscription via crypto by offering special discounts.

The platform currently uses an Atlanta-based crypto firm, Bitpay, which allows payments in bitcoin (BTC), bitcoin cash (BCH), ethereum (ETH), four USD-pegged stablecoins (GUSD, USDC, PAX, and BUSD), and ripple (XRP).

What are your thoughts on Spotify’s crypto-related job offer? Let us know in the comments section below.

Tags in this story
adoption of cryptoassets, Bitcoin adoption, bitcoin payment, Crypto Adoption, Cryptocurrencies, Spotify, streaming

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