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Breaking

The San Francisco Federal Reserve Is Developing A CBCD

Author

John Asher

Tags

Reading time

1 min
Last update

Author

John Asher

Tags

Reading time

1 min
Last update

Author

John Asher

Tags

Reading time

1 min
Last update

Fed

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A software engineer is needed by the Federal Reserve Bank of San Francisco to assist in creating and implementing systems for a central bank digital currency (CBDC).

The San Francisco Fed advertised a position for a “senior application developer – digital currency” on February 18. The applicant is anticipated to support the Federal Reserve in developing and putting into place mechanisms essential to CBDC research.

Developing CBDC-related processes, finding improvements, and minimizing risks are only a few of the important duties. The base wage for this position, which is located in San Francisco, California, ranges from $110,300 to $176,300.

In order to ensure that 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 software engineer interacts directly with management, other developers on the team, development operations teams, and vendors, according to the job description.