Spotify Considering Embrace of Crypto Assets for Payments

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A new job opening shows the streaming giant Spotify is exploring whether to support crypto assets for payments.

Spotify is looking to hire an associate director for its payments strategy and innovation team. According to a new job listing, the company wants someone who can analyze and implement its digital payments strategy.

The listing highlights cryptocurrency and Facebook’s Libra, now known as Diem, as key points of interest.

“We are now looking for an outstanding Associate Director to join our Payments Strategy & Innovation team.

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.”

Spotify says the new hire will take a close look at distributed ledger technologies and efforts by central banks to launch digital forms of fiat currency.

“You will drive further consideration of new opportunities and innovation in the emerging ecosystem of distributed ledger technology, blockchains, cryptocurrencies, stablecoins, Central Bank Digital Currencies (CBDCs) and other digital assets.”

Spotify says it’s working to define its payments strategy in the medium-term and ensure it addresses the needs of its ecosystem of consumers, creators and advertisers.

Source: dailyhodl.com

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