Update 10/14: Spotify just implemented widgets in their latest version! Thanks to developers and to the community for your upvotes 🙂
Now Spotify if you see this, please add time-synced lyrics functionality worldwide!
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Make a good looking widget with for example recently played titles, media controls or most listened to playlists, that would be nice for the iOS 14 release
Example here with Apple Music widgets:

This second image is from Max McKinney on YouTube, you can check his concept video for ideas: https://www.youtube.com/watch?v=rsEPEfEnXHk
Updated on 2020-10-15
Hey everyone,
Thanks for all the support and feedback you've given to this idea!
The Spotify widget should be now available on iOS devices running iOS 14.0
Cheers!