The US Federal Reserve is looking for an employee to study ways to integrate digital currencies, stablecoins and distributed ledger technology into the work of the country’s Central Bank.
According to the vacancy, in addition to the main duties, the specialist will monitor the sphere of traditional payments. Earlier, representatives of the Central Bank have already hinted at the Fed’s interest in understanding and even issuing its own digital currency. Apparently, the search for a specialist to work in this area will be the first real investment in human resources made by the Fed to integrate technology into existing systems.
A vacancy posted on the Fed’s website says the specialist will work at the Central Bank’s Washington branch and manage the Fed’s Retail Payments Section, oversee automated cash management services, promote research on retail payment innovation, and provide a solution policy issues and regulation of retail payment systems.
In addition to work related to traditional payments, the employee will perform functions such as “assistance in research in the field of innovation, including digital currencies, stablecoins, distributed ledger technologies, as well as financial and digital innovations in retail payments”.
In addition to researching digital currency, an employee will contribute to policies and regulations regarding retail payments and will present the views of the Board of Governors in other parts of the Council, reserve banks and government agencies. A successful candidate will be able to claim a salary of $ 250,700 per year.
Recall that last month, two congressmen appealed to the chairman of the US Federal Reserve with a request to consider the possibility of creating a digital version of the national currency. Former Chairman of the Commodity Futures Trading Commission (CFTC) Christopher Giancarlo also believes that the US government should start developing its own digital dollar, independent of central banks.