The Federal Reserve Bank of San Francisco is seeking a senior crypto architect to conduct research and development related to a central bank digital currency (CBDC).
The Fed’s Western Regional Bank posted an ad for the position on LinkedIn and Indeed.
“As part of the Federal Reserve’s mission to promote accessible, secure, and efficient systems to facilitate dollar transactions, the Federal Reserve System (FRS) is seeking a technologist to conduct research and development on central bank digital currencies (CBDC). Given the important role of the dollar, the FRS is seeking to further understand the costs and benefits of the potential technologies for CBDC and this emerging field.”
The San Francisco Fed says the senior crypto architect will serve as a lead application developer and “implement sample systems associated with a CBDC.”
The job will make a minimum of $134,900 per year, according to Indeed’s job posting.
It is not the first CBDC-related job the central bank wants to fill. The San Francisco Fed also posted a job posting for a CBDC product manager three weeks ago and was looking for a senior digital currency application architect in February. The latter vacancy appears to have been filled.
Last week, the Fed officially launched its new instant payment infrastructure, FedNow. The couch say on Twitter that the service is not related to any central bank digital currency (CBDC) and is not a step toward eliminating cash.
Federal Reserve Chairman Jerome Powell testified to the House Financial Services Committee in March that the Fed needs congressional approval to implement a digital currency.
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