Odaily Frontline | Streaming music giant Spotify may consider supporting cryptocurrency payments

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2020-12-04 13:27 (UTC+8)

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Spotify is hiring an associate director to be in charge of the day-to-day engagement with the Diem Association.

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Spotify is hiring an associate director to be in charge of the day-to-day engagement with the Diem Association.

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Summary:
Spotify is hiring for payments-related jobs, including Facebook-focused Diem (formerly Libra).
One of the roles will also focus on potential moves in crypto, stablecoins, blockchain and CBDCs.

The rebranded Diem will reportedly launch in "limited" form in early 2021.

Streaming music giant Spotify is beefing up its payments team ahead of the Facebook-backed Diem stablecoin project (formerly known as Libra) and other potential stablecoin and cryptocurrency-related initiatives.

Spotify's Payments division has two vacancies for associate directors, one focused on strategy and innovation and the other on strategy and planning. The innovation-focused role specifically mentions the focus on Diem and other encryption schemes.According to the job description

"This position will report to the Director of Payments Strategy and Innovation and will play a key role in defining and implementing Spotify's payments strategy, as well as leading Spotify's activities in the Libra stablecoin project and the broader digital asset and cryptocurrency space." The position will be based in London or Stockholm.

Additionally, the job description states that the position will lead "the day-to-day engagement with the Libra Association" and "will drive further consideration of new opportunities and innovations in the emerging ecosystem, including distributed ledger technology, blockchain, Cryptocurrencies, stablecoins, central bank digital currencies (CBDCs) and other digital assets.”

Spotify's job listings followed Diem's move, with the Libra project announcing its name change on Tuesday. The Diem Association also announced a new batch of staff to help ensure regulatory compliance for the project, which has faced considerable resistance from regulators.

According to the announcement, "The transition to the name 'Diem' now marks a new day for the project as the Diem Association continues to pursue its mission of building a safe, secure and compliant payment system that empowers people and businesses around the world .”

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