Is Monero going to have (or already does) a smart contracts platform?

I am still a beginner in crypto so any directions would be really appreciated.

What I am trying to understand here is whether or not Monero will be able to compete with the likes of Ethereum and BSS in terms of providing blockchain services such as smart contracts etc. or is Monero solely a cryptocurrency and nothing else?

I think having a blockchain ecosystem like what ETH has been working on will be a giant leap forward and may be a huge threat to all other cryptos since it will have a lot more utility as a currency. Again, not an expert here so any links and reads on this concept would be really appreciated!

submitted by /u/-Carthagodelendaest
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