Canada News on Cryptocurrency – 45 candidates have expressed interest in working for the federal government to establish an internal CBDC within 24 hours of the job ad.
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) Canada News on Cryptocurrency.
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. The Fed’s post stated its objective in the following way:
Developing CBDC-related processes, finding improvements, and minimizing risks are only a few of the important duties. The basic wage for this position, which is located in San Francisco, California, ranges from $110,300 to $176,300.
As of this writing, 45 candidates have expressed interest in working for the federal government to create an internal CBDC.
According to the job description, “the software engineer engages directly with management, other developers on the team, development operations teams, and vendors to ensure 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.”
India onboarded 50,000 consumers and 5,000 merchants to try out its freshly created digital rupee CBDC as major countries across the world explore CBDCs.
Rabi Sankar, the deputy governor of the Reserve Bank of India, emphasized that the government intended to carry out the CBDC tests as smoothly as possible. He stated:
The CBDC initiative in India is now operational in five locations, with the possibility of nine additional cities joining the pilot shortly.
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