You've probably read about these electronic marvels that not only give you access to your bank account, but also contains your passport, medical record, driver's license, photographs, welfare eligibility and all kinds of other data. These are already being tested in various parts of the world.
Cash is the very mother's milk of drug smugglers, who often deal in cash a suitcase full at a time.
With no cash the sale of illegal drugs would cease. No wonder governments are pushing towards the cashless society with unrestrained enthusiasm. Various foolproof ID systems have already been developed, like this fingerprint reader . However the only problem with these machines is that they are extremely expensive . Once the chip has been implanted it can be read by an inexpensive scanner, much like the one in your local grocery store.