Federal Reserve Bank of San Francisco Seeking ‘Crypto Architect’ for CBDC Project

The Federal Reserve Bank of San Francisco is looking for a senior crypto architect to perform research and development relating to a central bank digital currency (CBDC).

The Fed’s western regional bank posted a job ad for the position on LinkedIn and Indeed.

“As part of the Federal Reserve’s mission to promote accessible, safe, and efficient systems to facilitate dollar transactions, the Federal Reserve System (FRS) seeks a technologist to perform central bank digital currency (CBDC) research and development. Given the dollar’s significant role, the FRS seeks to further understand the cost and benefits of the potential technologies for CBDC and this emerging field.”

The San Francisco Fed says the senior crypto architect will serve as a lead application developer and “implement example systems related to a CBDC.”

The job will pay a minimum of $134,900 a year, according to the Indeed posting.

It’s not the first CBDC-related job the central bank has looked to fill. The San Francisco Fed also posted a job ad for a CBDC product manager three weeks ago and was looking for a digital currency senior application architect in February. That latter position appears to have been filled.

Just last week, the Fed officially launched its new instant payment infrastructure, FedNow. The bank says on Twitter that the service is not related to a central bank digital currency (CBDC) and is not a step toward eliminating cash.

Federal Reserve Chair Jerome Powell has said in testimony to the House Financial Services Committee in March that the Fed would require Congressional approval to implement a digital currency.

Generated Image: Midjourney