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Additionally, the San Francisco Fed is making significant strides by hiring developers and application architects to design and oversee the CBDC infrastructure. Positions offering salaries between $135,000 and $215,000 highlight the seriousness of the effort and the focus on building a sophisticated digital currency platform.
The Broader Implications
As these developments unfold, the global landscape suggests CBDCs are no longer a distant future but a present reality. Countries are deploying pilots, establishing regional collaborations, and actively working to integrate digital currencies into their financial systems.