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IT pros say digital currencies will go mainstream in the next five years

The findings from a survey of over 700 industry professionals by specialist IT job board CWJobs.co.uk, revealed that over half (62%) believe this will create new job opportunities in the industry, and specifically greater demand for professionals with Open Source skills (60%).

Less than a quarter of retailers are currently accepting digital currencies as a form of payment, according to 77% of IT professionals. This could be down to perceived concerns over payment security (54%), and general lack of consumer understanding about digital currencies (79%).

Two thirds (67%) of IT pros don’t think retailers have the skills necessary to offer other payments by digital currency. The majority (83%) of IT professionals themselves don’t think that the industry understands enough about digital currencies, creating an opportunity for IT professionals to skill-up and take advantage of increasing demand.

Richard Nott, website director at CWJobs.co.uk said: “Underpinning digital currency is a combination of key computing principles that require IT professionals to have a greater understanding of cryptography and peer-to-peer networking. The potential for digital currencies is vast, but lack of understanding is hindering take-up. Now is the time for IT professionals to skill up, particularly around Open Source, and take advantage of increasing interest in digital currencies.”

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