US Fed’s new job posting shows it is researching on how to integrate digital currencies to payments

The U.S. Federal Reserve, the country’s central bank, is apparently researching on how to integrate digital currencies to its retail payments section.

According to a job posting published Monday, the central bank is hiring a manager to oversee its traditional payments section, as well as to research on “digital currencies, stable coins, distributed ledger technologies, and broadly financial/digital innovation in retail payments.”

The key responsibilities of the new hire would be to lead and manage the central bank’s retail payment services, including automated clearing house and check payments, and to address policy and regulatory issues concerning retail payment systems.

Regarding basic requirements for the role, applicants should possess a bachelor’s degree in business or finance and a minimum of 7 years of related experience, or a master’s degree and 6 years of related experience. The role, to be based in Washington, D.C., offers the maximum salary of $250,700 a year (the high salary grade being 29). The closing date for applications, however, is not mentioned in the job posting.

The posting appears a notable one, as a Fed official recently said that the central bank was “actively” debating developing a digital dollar. Last month, two U.S. lawmakers also asked the Fed to consider developing a digital dollar. 

About Author

Yogita Khatri is a senior reporter at The Block and the author of The Funding newsletter. As our longest-serving editorial member, Yogita has been instrumental in breaking numerous stories, exclusives and scoops. With over 3,000 articles to her name, Yogita is The Block's most-published and most-read author of all time. Before joining The Block, Yogita wrote for CoinDesk and The Economic Times. You can reach her at [email protected] or follow her latest updates on X at @Yogita_Khatri5.

WHO WE ARE

The Block is a news provider that strives to be the first and final word on digital assets news, research, and data.

+ Follow us on Google News
Connect with the block on