This is very interesting question. This made me think a bit and I am more enthusiastic about cryptocurrency now. I think cryptocurrency may reduce the risk of fraud. it may change the money transfer process. The transfer of cryptocurrency doesn’t require all of the same checks and balances processes that banks do before funds can be deposited. The fastest transaction takes now 4 sec in the case of Futurocoin for example. And also cryptocurrency give people control of their own money. Isn't it plendidly?
You might to be interested in watching this interview with Dennies O'Niell, investment Banker with over 25 years experience:
https://newsroom.futurocoin.com/dennis-oneill-on-the-coin-agenda-conference/