The US Federal Reserve is recruiting a manager to oversee the traditional payments section, while adding new responsibilities to the position, including looking for ways to integrate digital currencies, stable coins and distributed ledger technologies.

For months, central bank governors have been hinting at its broader interest in understanding and even issuing a digital currency in the face of stable business proposals and national coins at home. 39, but this lease appears to be the Fed's first human resource investment to integrate technology into its existing systems.

In a post published Monday on the Fed's website, the Washington-based role would manage the retail payments section of the Fed, oversee automated control and clearing services, facilitate research on innovation retail payments and would address policy and regulatory issues. concerning retail payment systems.

But in addition to the work of traditional check payments, automated clearing house (ACH) and cards, the new role would also be responsible for:

Facilitate and contribute to research on innovations, including digital currencies, stable coins, distributed ledger technologies and broad financial / digital innovation in retail payments.

In addition to research on digital currencies, the candidate would contribute to the policy and regulation of retail payments and would represent the views of the board of governors to other board divisions, reserve banks and government agencies.

The highest salary the new employee would be entitled to would be $ 250,700.

Last month, two US lawmakers sent a letter to Federal Reserve Chairman Jerome Powell asking the Fed to consider creating a digital currency. This decision comes after the Governor of the Bank of England, Mark Carney, suggested in August that a digital currency backed by a central bank could replace the dollar as a global hedge currency.

Dallas Federal Reserve Chairman Rob Kaplan said the reserve was studying the potential impact of a Libra-style stablecoin and that it "was actively examining and debating" the show. of a digital motto.

The Fed's study on digital currencies comes at a time when the Central Bank of China, the People's Bank of China, has announced that it is about to launch its own digital currency. Mu Changchun, deputy director of the Central Bank Payments Unit, argued that the digital currency would strengthen the circulation of the Chinese yuan internationally.

A spokesman for the Fed could not provide more information on the job offer.

Image of the Federal Reserve via Shutterstock

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