Sky News host Cory Bernardi says the move towards a cashless society through the digitsation of money is “the end of what little privacy” we have left.

“Business and governments already use your spending data to assess you, imagine if they knew how you spent every single cent,” he said.

Mr Bernardi said it could lead to a “social credit score” as is implemented in China which could penalise a person for shopping at the wrong locations.

“Insurance premiums could rise because of your diet or alcohol choices and you could even find yourself cancelled those in charge, the wokesters, deemed you were supporting the wrong retailer.”

“Little wonder a cashless society, a purely digital society, is beloved by big tech, big government, and big business.”