Inflation all by itself is already effectively creating a cashless society over time, at least if no new notes with larger denomination are being printed (and historically speaking, the trend has even been the opposite, namely there used to be 500, 1.000, 5.000 and 10.000 dollar bills up until 1969 [1]).
So this has been a long time in the making, really.
So this has been a long time in the making, really.
[1] https://en.wikipedia.org/wiki/United_States_one-hundred-doll...