music industry28 Days of Libra: How Spotify & the Music Industry stand to Benefit from the New Cryptocurrency

An Introduction

28 Days of Libra is a series of blog posts set to analyze the founding members of the Libra Association and how each will benefit from the creation of the price-stable, Libra cryptocurrency. We will look at what it means for consumers as well as what it means for small business owners in each respective industry. All views and ideas expressed here are hypothetical and meant to start a healthy discussion on the matter.

**Disclaimer** The libra cryptocurrency is still in the development phase and has NOT launched yet. Anyone trying to sell you any ‘libra’ is trying to defraud you. Only invest in cryptocurrencies at your own risk.

Spotify

Spotify is the world’s largest subscription music streaming service. With over 96 million paying subscribers and over 200 million MAU’s (monthly active users) overall, Spotify is one of the most dominant players in the music industry. They are also one of the 28 founding members of the Libra Association. Today we’ll look at what the creation of libra (currently in development) and blockchain technology solutions could mean for Spotify, consumers of their products and services, and the wider music industry in general.