Yes it is.
They want complete control and the ability to track every purchase.
That’s where we could be headed. Everytime you use a credit or debit card, you leave an audit trail, a paper trail, behind you.
Do you want some government bureaucrat knowing how much you spend on booze or cigarettes or gambling or fast food???
It sounds very big brotherish to even speculate about any of this, but if we ever have a government which wants to snoop on citizens, and attempt to control behavior, controlling and monitoring our money management is one key tool that such totalitarian mindsets would employ.
Modern technology, along with moves to restrict the use of actual cash/currency to make financial transactions, could result in a financial dossier being kept on all of us.