Spotify Goes Gaga For Crypto and Libra

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Last Updated on 23 March 2021 by CryptoTips.eu

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As if the PayPal and Square news wasn’t yet enough to get the generation alpha, millennials and gen Z excited about crypto, now Spotify joins them as well.

The worldwide music streaming giant originally from Sweden admitted they are hiring a payments director both in their London and Stockholm offices to lead their cryptocurrency space.

Advertentie.

320 million active users

According to a recent job ad, highlighted to the cryptosphere when it was tweeted by Changpeng Zhao, CEO of Binance, Spotify is looking for a person to lead the Swedish startup’s day-to-day payment strategy, including its plans in the:

Wider digital asset & cryptocurrency space.

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.

The 320 million active users of the leading global music platform could in this manner be introduced to cryptocurrency and… to Facebook’s upcoming stablecoin Libra apparently, as that very remarkably is mentioned in the ad as well.

Diem Association

Of course, knowing that Spotify is a member of the Diem Association (the group overseeing the launch of Facebook’s highly ambitious project known as stablecoin Libra), it isn’t too surprising that they know more than we do.

So, just fantasizing here, next year you can pay for the new album of your favorite artists on Spotify in Bitcoin, send your friend the tracks via PayPal and then convert that money via the Square app. If they like it, they can send you part of the money back via Facebook’s Libra. Is that how it’s going to work or am I just daydreaming now?

nikkimeel / Depositphotos.com