But, a cashless society is not a panacea. It may be higher tech and more convenient, but it can have significant privacy costs, not to mention the issues with payment card networks engaging in censorship, charging fairly high transaction fees, and pushing the problem of fraud on their networks to every merchant. Considering the payment card network market is seemingly impossible to enter, and governments don't seem to be able or perhaps willing to regulate things, there are ways in which cashless is a downgrade. It would be nice if we could back up and try to resolve some of these issues in a durable by-design way, but sadly it's probably never happening.