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Cryptocurrency pioneer Nick Szabo has argued that central banks could soon turn to cryptocurrencies to shore up their reserves, Finance Magnates reports Jan. 9.
Szabo is a veteran cryptographer, having developed the concept of "BitGold" — a never-implemented, pre-Bitcoin (BTC) privacy-focused digital currency back in 1998. He is also the first to have conceptualized smart contracts, in 1996 — well ahead of their industry-wide traction — and remains a leading thinker in the crypto sphere.