They can be used to trace illegal activities. International payments will also be easier because there is no need to exchange currencies. The data gathered can be utilized by the government to make policy decisions. The issue of counterfeit currency will be eliminated. Cashless transactions give the consumer proof of payment. It can be used in cash of dispute. So some of the cones for the cashless transactions are like cashless transactions are recorded by banks, so the data will reveal the critical data of people regarding where they spend money