Dedicated crypto hodlers are pleading with Spotify to add their cryptocurrency of choice.
It turns out cryptocurrency enthusiasts have a long tradition of asking Spotify to add digital currencies. Suggestions to add Nano, Ripple, Electroneum, Reddcoin, Litecoin and Dogecoin go back months and even years. One suggestion to add Bitcoin was submitted on March 5, 2013.
Spotify replied to that suggestion back in the day.
“At the moment, we don’t have plans to offer Bitcoin as a payment solution. If we have any updates around this we will post here first.”
Despite that reply, Spotify isn’t giving blockchain the cold shoulder. Last year, Spotify bought blockchain startup Mediachain, saying the purchase would, in the future, help the company create an equitable playing field for musicians.
“The Mediachain team will join our New York City offices and help further Spotify’s journey towards a more fair, transparent and rewarding music industry for creators and rights owners.”
Spotify has been quiet since the purchase, with no firm date on introducing blockchain to its hugely popular streaming service.
Spotify could use a boost. Last week it missed Wall Street estimates, sending Spotify shares down 10% after disclosing its first quarterly earnings as a public company.
Disclaimer: The opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin or cryptocurrency. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility.