San Francisco federal bank eyes CBDC system development, reveals job posting
Within 24 hours of the job posting, 45 applicants have shown interest in joining the federal government to build an in-house CBDC. The Federal Reserve Bank of San Francisco is looking for a software engineer to help develop and implement system s related to a central bank digital currency (CBDC). On Feb. 18, the San Francisco Fed posted a job opening for a “senior application developer - digital currency.” The candidate is expected to aid the Federal Reserve in designing and implementing systems critical to CBDC research. Revealing its intention, 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.” Key responsibilities include developing systems related to CBDCs, identifying improvements and mitigating risks, to name a few. The job location is in San Francisco, California, with a base...