The Federal Reserve Bank of San Francisco announced that they are looking for a software engineer to build systems aimed at researching about central bank digital currencies (CBDC), recently posting a job opening for a “senior application developer - digital currency.”
The Fed’s post read: “Given the dollar’s important role, Federal Reserve System seeks to further understand the cost and benefits of the potential technologies for central bank digital currencies, and how the system better understand this emerging field.”
The main responsibilities of the job include developing systems linked to CBDCs, exploring options for improvements and minimizing risks, among others. In 24 hours, 45 applicants applied to the job position located in San Francisco, with the base salary ranging from $110,300 to $176,300.
This move follows suit of other central banks around the world which strive to launch CBDCs into their economic ecosystems, with Dubai, China, Hong Kong and other nations already having put plans in place to launch native digital currencies.
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