The convenience of needing only a debit and credit card (possibly combined into one, like the Moneo) would make life a lot easier for the average person, though the employment of biometrics would allow someone stranded on the side of the road to literally have the same buying power as any other person. And, if in the future the system became international, traveler‚Äôs checks would be unnecessary.
Switching to a cashless society draws an enthusiastic universal appeal. With a new monetary system it would be entirely possible to increase international trade and travel. This could be accomplished if all the major developed nations such as Germany, Japan, and Britain adopted the curriculum at the same time, creating no lag for a drawn out transitional period. The method the EU used to phase out national currencies in favor of the Euro could have the entire western world conglomerate in a matter of months. In effect, this could give the United States the opportunity it needs to create an all-encompassing free trade zone.
While there are obvious international benefits to this switch there are also many skeptics and surrounding conspiracies that bring religious overtones into the mix, which are detailed thoroughly in the 'Conspiracies' section of the site.
Among the many theories, one is less of a theory than it is a simple fact of globalism. The loss of national identity is becoming more and more common. The European Union experienced quite a rocky social reception with the Euro. With many protests such as the publicized 2002 summit protests in the heart of Spain it is obvious that many patriotic citizens would rather stick to the pass rather than embrace the melting pot that is the global economy.