San Francisco’s Federal Reserve Bank has opened a position for a software engineer to build and deploy central bank digital currency (CBDC) infrastructure.
According to an 18 February job posting, the tech hub’s Federal Reserve advertised a “senior application developer” for the digital currency. The job notes that the selected candidate will create and implement systems for CBDC assets.
In the post, it said: “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 candidate is also expected to improve developed systems and mitigate risks. The job will also pay from $110,300 to $176,300. 46 applicants have applied to the position at the time of writing.
“We are looking for a Sr. Application Developer to implement example systems related to a Central Bank Digital Currency. The software engineer engages directly with management, other developers on the team, development operations teams, and vendors to ensure the Federal Reserve is well-positioned to design, develop, and implement technology to support a CBDC as may be required by the Board of Governors.”
The news comes just weeks after the United Kingdom posted its own job advert in late January for a head of digital currency. Whitehall recruiters for His Majesty’s Treasury aimed to explore the potential for a CBDC capable of diversifying payment options for citizens. The new digital stablecoin could also allow the UK to become a thriving tech hub over the next few years after its implementation.
