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.
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