You Could Soon Pay for Spotify’s Audio Streaming Subscription with Bitcoin
By Nick James – December 4, 2020
Bitcoin is still gaining more popularity, and the crypto industry at large is winning hearts and minds. Spotify is the latest conquest of the crypto empire. Apparently, the audio streaming service is currently mulling over a plan to start accepting Bitcoin payments from subscribers.
Spotify’s plan would introduce a whole 320 million strong customer base to cryptocurrencies, something that would mean a lot for the industry. At the moment, reports have it that the company’s Payments and Innovation team is looking for an Associate Director to lead the development of a new framework for crypto payments. The company threw lots of hints to that effect.
New Opportunities And Innovation
According to Spotify, the new team member will be tasked with looking for new payment opportunities and provide innovative solutions in that sense. Basically, it’s safe to say that the most recent innovation in the payment industry is all about cryptos and blockchain technology.
Based on that, the Director will help develop opportunities and innovations in the use of blockchains, CBDCs, cryptos, stablecoins, among other digital assets. With that requirement, it’s clear that Spotify is going all-in with cryptos.
Experience In Blockchain And Digital Assets
Also, the expected Associate Director needs to have good experience in blockchain technology as well as digital assets (like cryptos).
With this, the company wants the new team member to help it roll out a crypto payment solution on a global scale. Notably, Bitcoin is currently the most popular crypto that has reached all corners of the world. There are now BTC ATMs on almost every continent. That’s why Bitcoin would be most suited for this role.
Engagement With The Libra Association
Spotify is also joining up with Facebook’s Diem, a developer team that’s now planning to create a payment system to host various stablecoins.
It’s fair to opine that besides accepting Bitcoin payments, Spotify could be teaming up with the Libra Association to give its subscribers more payment options. Either way, it’s a good deal for BTC.
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DISCLAIMER
The views expressed in the article are wholly those of the author and do not represent those of, nor should they be attributed to, ZyCrypto. This article is not meant to give financial advice. Please carry out your own research before investing in any of the various cryptocurrencies available.
The original article written by Nick James and posted on ZyCrypto.com.
Article reposted on Markethive by Jeffrey Sloe