The Bank of Canada wants to hire an economist who has a deep knowledge of financial technology and digital currencies and is likely to point out the latest in a series of steps towards CBDC.

According to the bank’s official page, the economist’s tasks will include monitoring and analyzing recent developments related to electronic money and payments, implementing research projects, preparing analytical notes and working on “the potential development of central bank digital currencies.”

The bank has identified a set of requirements that a candidate must meet, including in-depth knowledge of Bitcoin, Ethereum and other major cryptocurrency platforms, as well as knowledge of traditional payment systems such as card networks, shoppers, and point of sale technology.

The candidate should also have experience processing and analyzing general blockchain data and analyzing consumer survey data.

October 25, 2020 is the deadline for applications.

Central Bank of Canada Deputy Governor Timothy Lynn recently called on central banks around the world to issue their own digital currencies and highlight their importance to the economy in light of the COVID-19 pandemic. Lynn also said during the Central Bank Payments Conference that digital currency development for Canada’s central bank is progressing “well.”

In laying the foundations for the CBDC, the bank joins the Bank of England, the United States, the Federal Reserve, and the Bank of Japan, which have also begun exploring the possibility of using central bank digital currencies.

Source: CoinTelegraph

LEAVE A REPLY