Here’s something interesting: The Fed is looking for someone to help it research crypto.
According to a job posting published on Monday, the U.S. Federal Reserve is looking to hire someone to manage its Retail Payments Section. The role, which will be based in Washington, D.C., involves overseeing the Federal Reserve Banks’ check and automated clearinghouse services, facilitating research in the retail payments innovation, and addressing policy and regulatory issues around retail payment systems.
But it also involves this:
“Facilitating and contributing to innovations research including digital currencies, stable coins, distributed ledger technologies, and broadly financial/digital innovation in retail payments.”
As CoinDesk notes, the Fed has been hinting at being more open to digital currencies, even going as far as debating the possibility of a “digital dollar.” This hire, however, “appears to be the first human resources investment made by the Fed towards integrating the technology into its existing systems.”
For anyone that’s interested, the position requires a bachelor’s degree in business administration, economics, finance, or other related field and a minimum of 7 years of related experience, or alternatively a master’s degree in business administration, economics, finance, or other related field and 6 years of related experience. It offers a maximum pay of $250,700 a year.