Spotify, the audio streaming giant, is studying crypto payments

Is Spotify suggesting that crypto resources will come soon?

Spotify, the audio streaming giant, is studying crypto payments

Spotify, one of the world’s largest audio Bitcoin Sunrise streaming providers, is looking for candidates with experience in crypto to fill a new role in the company.

According to a recent job ad, the company is looking for an associate director to integrate its payment strategy and innovation department. According to a LinkedIn advertisement, the job list was published on Wednesday(2).

The new position is expected to play a key role in defining and implementing Spotify’s payment strategies, as well as the company’s involvement in Facebook’s recently renamed cryptomoedas project, Diem. The position will also focus on broader digital assets and the crypto industry, including central bank digital currencies, or CBDCs, notes the announcement:

„You will take more account of new opportunities and innovation in the emerging ecosystem of distributed registration technology (DLT), blockchains, cryptomoins, stablecoins, CBDCs and other digital assets.
According to the post, the new position will be based at Spotify’s offices in London or Stockholm, requiring frequent travel between the two offices and other company locations.

Spotify did not immediately respond to the Cointelegraph’s request for comment.

Spotify is one of the original members of the Libra Foundation which was formally founded in Geneva in October 2019. Unlike PayPal and MasterCard, Spotify is among the companies that have not abandoned the Facebook encryption project due to increased scrutiny by global regulators.