Bill Papacharalampous, CEO of BlockCommerce says, "One need only look at the hyperinflation in Venezuela to determine how much safer state-run currencies are. The majority of fraud in the world is perpetrated by bad actors utilizing the very fiat currencies touted as the safer alternative. The fraud market cap is much larger than the cryptocurrency market cap so the notion that cryptocurrency is the problem is a bit silly. Having an immutable ledger and cryptographic protections is actually much safer in my opinion."