The Federal Reserve Bank of San Francisco is looking for software developers to help research and design a central bank digital currency (CBDC).
One job listing posted to LinkedIn is for a “Senior Application Architect – Digital Currency.” It was posted to LinkedIn less than a day ago and, after capturing attention across the crypto space, already garnered 23 applicants.
A central bank digital currency is a tokenized version of a country’s fiat currency. Similar to stablecoins, a CBDC’s value tracks that of a currency issued by a government like the U.S. dollar. But instead of being managed by private companies, a CBDC is issued by a central bank like the Federal Reserve.