Why would you ever want a cashless society?
Your payment flowing into another account can be tracked for a service.
No more upper middle class lifestyle on a wage that cannot be proved to have paid for it - that boat, RV, SUV, new car, home renovation, new home would get a bit more tricky and need semi professional help to make seem legal.
No closing accounts and getting ready to move to another country without a lot more paperwork. A digital tax wall keeps you at home.
It will be sold to counter all domestic aspects of an illegal economy and money laundering in suburbia.
Wage in, food, savings, pleasure, costs of running a home out and tracked to see how it all adds up. That new pool seen from above was paid for how?
The other aspect is microtransaction standards per use of your new card. Thats a big win for your bank for every sale over decades as a consumer.
A huge tax base, everybody tracked in real time as to spending vs wages, savings with the correct amounts flowing to support endless wars, healthcare and needed public services.
Add in new transaction related criminal issues with time in a nice private prison. Enjoy your new gov backed debit card id from any bank your with, you can keep your accounts.
So your getting Australian Transaction Reports and Analysis Centre for all currency transactions.
At the back end you will have the MARKINT projects.