Spotify, an audio streaming and media services provider, based in Sweden, is searching for a candidate to take up a new role. According to the job post published on Dec 2 on LinkedIn, the company is looking for an Associate Director to join its payments strategy and innovation department. The giant platform with 320 million users is searching for a candidate to brace their Payments Strategy & Innovation team.
According to the posting, the position will be based in Spotify’s London or Stockholm offices; thus, one will be required to travel between the two offices and other company settings frequently.
The contestant should have immeasurable experience in successful gameplan and solutions in the blockchain/digital assets and an appetite to drive and take part on the global scale. The candidate will pilot 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. Moreover, they will shepherd the company’s involvement in Facebook’s recently rebranded crypto project, Diem.
Spotify is one of the initial members of the Libra Foundation that was initially established in October 2019. Spotify is among the firms that have not neglected Facebook’s crypto project over increased scrutiny from global regulators.
The Rising Value of Bitcoin
The music streaming giant hints that it may be offering the option to pay for their freemium model with bitcoin and other cryptocurrencies. The development comes as the price of bitcoin has surged to almost $20,000. One bitcoin was worth $19,537 on Thursday, according to CoinDesk, a bitcoin price index. Likewise, the coin’s demand surged during November. Its patrons are citing escalated institutional investor interest for the digital asset, which was only invented in 2008 by a still anonymous individual.
The Future of Crypto
Just recently, PayPal announced plans of integrating cryptos in their reputable platform, which will be available to their 26 million merchants next year. According to Dan Schulman, CEO, PayPal, The adoption of digital forms of currencies is unavoidable. The digital assets enable efficiency, speed, and the state’s ability to disburse funds to citizens quickly.
The global cryptocurrency community is excited as Bitcoin hit a new all-time high nearly three years after breaking its previous price record.
The steady rise of cryptocurrency prices during the second half of 2020 has been consistent. Many would say it has accelerated despite the outbreak of Covid-19, political unrest in some countries, and economic uncertainty.