Spotify Is Considering Introducing Crypto for Payments

Spotify Is Considering Introducing Crypto for Payments
December 07
08:52 2020

Spotify crypto payments might be closer than we think. The company posted a job vacancy for the position of associate director to join the payments strategy department. According to Cointelegraph, Spotify is looking for someone with a background in cryptocurrency. The source suggests that the new role within the company will be very important for defining the platform’s payment strategy.

The source, referring to the job post, points out that the new position involves researching new opportunities for payment strategy in realm of blockchain and cryptocurrencies. As a result, Cointelegraph suggests that a possibility of seeing Spotify introduce crypto for payments within the platform is likely.

The person hired for the new position will be responsible for engagement with the Libra Association. Apart from that, he or she will lead the company’s activity within the project. Spotify commented earlier that joining the Association could help the platform reach a wider audience and improve its payment system.

Spotify is not the first streaming service looking into the use of cryptocurrencies. Live-streaming platform Twitch not only introduced crypto payments earlier this year but also added a discount for users who choose to pay for their subscription with crypto. Crypto integration on Twitch has become possible thanks to the cooperation between the platform and digital payment processing system Bitpay.

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    Brus Evach December 16, 12:18

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