San Francisco Fed Pays $134,900 Hiring Crypto Architects CBDC Project

Key Points:

• The Federal Reserve Bank of San Francisco is looking for a crypto architect for a central bank digital currency.
• Staff will work in CBDC research and development with salaries of $134,900 a year.
• On July 19, the central bank announced on Twitter that it has not yet decided whether to issue a CBDC and “will only continue to issue CBDCs if permitted by law.”

The Federal Reserve Bank of San Francisco is seeking a crypto architect to research and develop its CBDC project.

Indeed’s job posting shows that the Federal Reserve Bank of San Francisco is looking for a cryptocurrency architect for its Central Bank Digital Currency (CBDC) project. According to the job description, employees will be involved in CBDC research and development.

The position starts at $134,900 a year and requires candidates to “understand how to implement distributed systems, cryptographic protocols such as hash functions, public key pairs and signatures, consensus algorithms, and security.” According to the Federal Reserve System Careers page, the position has been open for over 30 days.

“Given the dollar’s significant role, the FRS seeks to understand further the cost and benefits of the potential technologies for CBDC and this emerging field,”.

The posting wrote.

According to the Federal Reserve System’s recruitment page, the position has been vacant for over 30 days. Since at least February, the San Francisco Fed has been looking for software engineers to help develop and implement systems related to its CBDC plans, leading to a cryptocurrency development team.

Earlier in mid-February, the agency also posted a job listing on LinkedIn as “Senior Application Architect – Digital Currency”. The Senior Application Architect role lists salaries between $134,900 and $215,400. It was posted to LinkedIn less than a day ago and, after garnering attention across the crypto space, attracted 23 applicants.

The recruitment effort contradicts the Federal Reserve’s public stance on CBDCs. On July 19, the central bank announced on Twitter that it has not yet decided whether to issue a CBDC and “will only continue to issue CBDCs if permitted by law.”

In a recent development, presidential candidate and Florida Governor Ron DeSantis announced that he would ban CBDCs in the United States if elected president.

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