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

As reported by The Block, “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, […]

By Chris Sykora · November 5, 2019
US Fed’s new job posting shows it is researching on how to integrate digital currencies to payments

As reported by The Block, “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…

“…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.”

Continue to see the full story at The Block.