After multiple talks for the adoption of the digital dollar, it seems like the Federal Reserve is starting to consider this possibility. Reporters have noticed a new job opening on the Federal Reserve’s website that would manage the research of digital currencies, stablecoins as well as distributed ledger technologies. These three aspects are pretty much what digital currencies are, even though the first part was directly referring to them.
The reason is that digital currencies are much faster and cheaper to transact. Pairing them up with an already liquid currency such as the Chinese Yuan is enough to popularize it worldwide.
But, as already mentioned, the Federal Reserve is not considering making its own currency as of yet. The research done by this new employee, who’s going to be paid a hefty $250,000 annual salary is most likely going to go directly in the decision’s board of actually adopting the new technology.