Rumours of mainstream involvement in the crypto-currency industry have received a boost as the major streaming service Spotify has hinted that it may introduce crypto-services.
Spotify is looking for an Associate Director to handle its crypto-currency services business.
The ideal candidate will take care of the company’s payment strategies.
As a member of Facebook’s Diem Association, Spotify is hiring an Associate Director who will oversee the company’s crypto currency innovation and payment strategies.
The Diem Association was created by Facebook to launch its ambitious stablecoin Libra. Originally known as the Libra Association, it was renamed by the social media giant to pave the way for the launch of Diem (formerly Libra).
The streaming platform states that the executive branch should be responsible for these tasks, as the company aims to achieve global awareness of the emerging digital payment systems.
“They will communicate payment strategy and capabilities internally and externally to all key stakeholders,” Spotify said in the job posting.
The job description indicates that many observers in the industry believe that the streaming giant is preparing to launch its crypto service.
Spotify published the job posting yesterday with details on the role of the ideal candidate. According to the job posting, the ideal candidate will manage the company’s day-to-day operations at Diem and will be responsible for Spotify’s other payment strategy. The other payment strategies are his plans in the digital and cryptocurrency industry.
The job posting also stated that the prospective Associate Director will consider new opportunities and innovations in the emerging ecosystem of Stablecoins, CBDCs, crypto-currencies, block chains, distributed ledger technology and other digital assets.
Spotify plans to expand its service offering
Spotify was launched 12 years ago and has since become one of the leading global music streaming platforms. Currently, the music streaming giant has approximately 320 million active monthly users. He wants to expand his offer to other aspects besides music with podcasts.
Although Spotify has not explicitly mentioned that it will introduce a crypto service, industry observers point out that the crypto service is likely to be on the company’s agenda. The claim is based on the job description published for the prospective executive.
According to the description, the prospective candidate for the position will use the company’s global presence to look for innovative ways to innovate in the global payments industry. It has also been mentioned that the right person will focus on the emerging market and regulatory trends that may affect the company’s approach to payments.