Is Spotify looking to add Crypto as a payment method? This job offer suggests it

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

Spotify is stepping on Crypto Waters with a new job offer

According to the job listing posted on the talent acquisition platform Lever, the company is looking for an “Associate Director, Payment Strategy and Innovation” who should introduce new payment strategies.

The job description, based in their London offices, details:

This role will report to the Director, Payment Strategy and Innovation and will play a key role in defining and implementing Spotify’s payment strategy, as well as driving Spotify’s business under the Libra stablecoin project and wider resource space. digital and cryptocurrency.

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

Interestingly, Spotify emphasizes the company’s need to lead its “day to day” engagement with the Libra Association.

Other streaming services have shown a growing interest in cryptocurrencies, such as Twitch, as the live streaming company encouraged people during 2020 to pay for their subscription via cryptocurrency by offering special discounts.

The platform currently uses an Atlanta-based cryptocurrency company, 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 cryptocurrency job offer? Let us know in the comments section below.

Image credits: Shutterstock, Pixabay, Wiki Commons

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