The US Central bank is looking into digital innovation in retail payments – Cryptocurrency News

The US Federal Reserve is hiring a manager to oversee its traditional payments section and to research on digital currencies, blockchain technology, and digital innovation in retail payments. The manger would be responsible for leading and managing the central bank's retail payment services.

A job posting published by the US Federal Reserve reveals that the country’s central bank is looking into digital innovation in retail payments. The central bank is looking to hire a manager to lead and manage the bank’s retail payment services. But he would also be responsible for researching digital innovation, including cryptocurrencies, and blockchain.

The candidate for the role requires to have a bachelor’s degree in business or finance and a minimum of 7 years of related experience. The job opening is a clear indication that the US is likely considering to issue a digital dollar, just like China. Earlier, two US lawmakers asked the US Federal Reserve to consider developing a digital dollar.

Last month a top US Federal Reserve official said that they are actively looking and debating about the issuance of central bank-backed digital currency.

Ryan Asher
Ryan Asher
A post-graduate in business administration from Rutgers University, Ryan love to express his thoughts in writing. Ryan entered the crypto space by selling his car back in 2013 and investing the money into bitcoin. Apart from writing, Ryan loves to travel and believes that bitcoin is helping him fulfill his dream of traveling across the world.

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