Spotify’s New Job Listing is Looking for Associate Director to Help with Internal Crypto Efforts

Spotify is mulling joining the cryptocurrency bandwagon.

Spotify Contemplating Adding Support for Crypto Payments

According to a report by The Block published on December 3, audio streaming giant Spotify is looking into hiring an associate director to lead a payments strategy team involved in its cryptocurrency and digital asset efforts. The posting for the same can be viewed here.

Per the official posting, the associate director “will play a key part in defining and implementing Spotify’s payments strategy as well as leading Spotify’s activity within the Libra stablecoin project and wider digital asset & cryptocurrency space.”

It’s worthy of note that just a few days ago, Facebook’s controversial stablecoin project Libra renamed itself to Diem, a move that has been largely looked as an appeasement move aimed toward global regulators.

Further, the job posting states that the associate director will also “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.”

Notably, the role will be based either in Stockholm or London, the announcement reads.

Crypto Adoption Continues to Surge in 2020

While 2020 proved to be a shocker of a year for the global financial markets (including crypto) due to the onset of the coronavirus pandemic, things are looking relatively more optimistic toward the end of the year.

In addition, the year witnessed unprecedented adoption of cryptocurrencies across industries which is a testimony to the growing maturity and interest in the emerging asset class.

Earlier this year, BTCManager reported that Austrian telecom giant A1 Telekom had announced that it would introduce support for crypto payments courtesy of their newly forged partnership with Austrian crypto payments processor, Salamantex.

Similarly, in October, e-commerce titan Shopify announced support for digital currency payments following a partnership with crypto payments processor Alchemy.

On a more recent note, BTCManager reported on December 4 that S&P Dow Jones – two years after it had distanced itself from including a crypto index fund service to its market indices basket – announced that it would be rolling out cryptocurrency indices starting from 2021.