Audio Streaming Giant Spotify Considers Adding Crypto Payment Option

The Audio streaming giant Spotify considers adding crypto payments to the app as a new option for the users that want to use it. Spotify wants to integrate Bitcoin and other cryptocurrency assets as well as stablecoins so let’s read more in the latest cryptocurrency news today.

Joining the financial and tech services companies in the payments revolution, the audio streaming giant Spotify, will also enter the crypto space. The company put up a job offer for an Associate Director, Payments Strategy, and Innovation. The candidate will play a key role in navigating the company’s crypto payments through the crypto ecosystem. According to an official job opening that Spotify posted, the company said that the Director applicant will report to the Director of the same team and will play a key role in gaining a foothold into the world of crypto payments. According to the description:

“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.”

The goal is to address the company’s plan of “enabling new monetization opportunities” for music creators and it also wants to become accessible for a bigger section of potential users. Spotify aims to change the trends in their payments strategy by adding cryptocurrencies. The users from all sections of society will be able to access the music streaming platform as well. One of the designated roles of the incoming Associate Payments Strategy Director will be to lead the company’s daily engagements with the Libra Association because of the ongoing alliance and Facebook’s upcoming digital currency project.

The company is also looking to leverage all the blue-chip aspects of the blockchain and the crypto space including stablecoins and Central Bank Digital Currencies. This will streamline the transition to an advanced payment method available in finance at the moment. The Associate payments Strategy director will be required to fulfill the roadmap created and will also seek out innovation in the payments sector globally as well as within the regulatory market trends that could influence Spotify’s approach to payments.