The Federal Reserve Bank of San Francisco is looking for a senior crypto architect to perform research and development relating to a central bank digital currency (CBDC).
The Fed’s western regional bank posted a job ad for the position on LinkedIn and Indeed.
“As part of the Federal Reserve’s mission to promote accessible, safe, and efficient systems to facilitate dollar transactions, the Federal Reserve System (FRS) seeks a technologist to perform central bank digital currency (CBDC) research and development. Given the dollar’s significant role, the FRS seeks to further understand the cost 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 example systems related to a CBDC.”
The job will pay a minimum of $134,900 a year, according to the Indeed posting.
It’s not the first CBDC-related job the central bank has looked to fill. The San Francisco Fed also posted a job ad for a CBDC product manager three weeks ago and was looking for a digital currency senior application architect in February. That latter position appears to have been filled.
Just last week, the Fed officially launched its new instant payment infrastructure, FedNow. The bank says on Twitter that the service is not related to a central bank digital currency (CBDC) and is not a step toward eliminating cash.
Federal Reserve Chair Jerome Powell has said in testimony to the House Financial Services Committee in March that the Fed would require Congressional approval to implement a digital currency.
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
Credit: Source link
