But the issue is lack of competition, not something that can only be solved by crypto currency. The original statement was that crypto is still looking for an actual problem to solve. Lack of competition and slow transfers isn't something related to crypto. Meaning, at a point Bitcoin took hours to work as well which a really high fee. SEPA apparently is 1 EUR and 10 seconds.

Ease of transferring seems dubious as well, crypto can also be slow or quick.