Cryptocurrencies and digital payments innovation is set to reinvent the way financial transactions are done across various industries. The major players in every sector are currently evaluating the growing market and usability of cryptocurrencies to increase their operational and financial efficiency.
Most recently, Spotify, one of the most extensive audio streaming services in the world, is seemingly looking out for supporting bitcoin.
Spotify Looking for Digital Assets and Payments Expert
What is apparent from the recent job posting by Spotify, the company is looking to venture into ‘crypto and Bitcoin support’ by accepting bitcoin as a payment method. The job posting for “Associate Director” having experience in blockchain and digital assets is published on the company portal. The company further outlined the criteria for the candidate profile, which mostly revolved around digital assets, cryptocurrencies, and distributed ledger technology.
The candidate would be responsible for driving the ‘participation at a global scale’ and help the company in its initiatives towards the digital ecosystem that includes bitcoin: stablecoin, digital assets, and various technologies associated with cryptocurrencies.
The Job posting also outlines that in his role as the Associate Director of the Payments Strategy and Innovation team, the crypto expert would head the company’s engagement with Libra association, which is Facebook backed digital currency. It is interesting to note that Spotify is a member of the 27 Strong Diem Association, formerly called Libra Association, which has other major market players like Uber, PayU, Slow ventures, Thrive Capital, and many others.
Many leading music, entertainment, and tech companies have added Bitcoin as a payment option to their business. As per a survey by HSB reveals, Wikipedia, AT&T, and Microsoft are the largest IT and Service based companies accepting BTC right now, along with many food joints like Burger King at outlets in Venezuela and Germany, Subway, Overstock, etc. at selected locations.
Spotify’s job posting mentioned that the person would drive its initiatives to explore and promote innovation in the payments domain and look upon its response to the emerging financial market trends and regulatory aspects.
Spotify has not directly announced any such news; however, the company is on the lookout for a person to handle digital assets and cryptocurrency. This hints that the Music streaming giant is eyeing integration with Bitcoin and other crypto tokens.
Disclaimer
The information discussed by The Coin Magazine is not financial advice. This is for educational and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Do your due diligence and rating before making any investments and consult your financial advisor. The researched information presented we believe to be correct and accurate however there is no guarantee or warranty as to the accuracy, timeliness, completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright The Coin Magazine All rights reserved.
