The Federal Reserve Bank of San Francisco is seeking a software engineer to help develop and implement systems related to central bank digital currency (CBDC).
On February 18, the San Francisco Fed posted a job opening for “senior application developer – digital currency.” The candidate will assist the Federal Reserve in designing and implementing critical systems for CBDC research. Indicating its intent, the Fed’s post read:
“Given the important role of the dollar, the Federal Reserve System seeks to better understand the costs and benefits of potential technologies for central bank digital currencies, and how the system can better understand this emerging field.”
Key responsibilities include developing CBDC-related systems, identifying improvements and mitigating risks, to name a few. The job location is in San Francisco, California, with a base salary of $110,300 to $176,300.
At the time of writing, 45 applicants have expressed interest in joining the federal government to build a CBDC at home.
“The software engineer engages directly with management, other developers on the team, the development operations team, and vendors to ensure the Federal Reserve is well positioned to design, develop, and implement technology to support CBDC as required by the Board of Governors,” the job posting says. mentioned.
related: Russia will launch a CBDC pilot with real consumers in April
As the world’s leading economies test CBDC, India has signed up 50,000 users and 5,000 merchants to test its recently launched digital rupee CBDC.
Reserve Bank of India deputy governor Rabi Sankar confirmed that the government plans to proceed with the CBDC test in the smoothest possible way. He said:
“We want the process to happen, but we want the process to happen gradually and slowly. We’re not in a rush to make things happen quickly.
India’s CBDC project is currently active in five cities, with another nine likely to participate in the pilot.