Most new and future payment systems all will provide convenient ways to make financial transactions. Usually only involves a swipe or a couple of clicks.

Cashless option eliminates the need for paper money, which in turneliminates the need fo cut down trees for paper.

Help Deter Illegal Transactions As New Payment Systems Will Record A Persons Transactions.

Digital money is traceable and can be linked back to persons who made transaction.

In a cashless society physical money would be worthless. This would make extreme difficult to for illegal businesses to operate.

Because paper money and coins flow through numerous peoples hands, it has a high potential of spreading germs.

As pointed out in Time.com “10 Things You Didn't Know About Money"

“Paper money can reportedly carry more germs than a household toilet. And bills are a hospitable environment for gross microbes: viruses and bacteria can live on most surfaces for about 48 hours, but paper money can reportedly transport a live flu virus for up to 17 days."

With cashless transactions there's no money changing hands making it more sanitary.

Eliminating physical cash would reduce store robberies and mugging

Future currencies will be pretty much impossible to counterfeit. as it will be digital. Any new forms of paper money will be embedded with a chip that can be scanned to determine whether or not it’s real or fake.

Cyber thieves remain a constant threat to hacking payment systems,stealing data and funds.

And though future payment systems promise to make transactions more secure and more difficult to hack, there's always the possibility of a cyber thief breaching systems security.

Most new payment systems will store and create records of transactions you make on them.
Because these transactions are associated with you name and profile.

Most cashless payment options require the payer and the payee to have a bank account linked to the systems.

But many people who are low income do don't have bank accounts because they are to meet balance requirements to open or maintain one without occurring fees.

A Cashless Society would mean low income people would be forced to open a bank account or be left out the economy

In a Cashless Society financial transactions will be made using digital currency. This digital currency would exist computers systems, software, and internet connectivity.

But what happens if the system fails. What if the system has a glitch, software gets corrupted, Internet goes down, even worse a major power outage brings down the entire system. If these things happened you would be unable to make payments, purchasesor send or receive funds.