For consumers it will be great. Very low transaction costs, super fast transactions. Its like sending an email. Every user of Facebook, Instagram, Whatsapp etc. can get Libra. Don't forget there are still so many people out there who don't own any bank account. It will make transactions so much easier. No more high currency exchange fees or rates. Therefore is Libra a great idea and got great potential. The only question is how Facebook and co. are going to make it. It could be great, but it could also be bad. Right now its really hard to say if it is top or flop. If they are doing it right it will be awesome. In the very long term there will be a crypto/digital currency being the reserve currency. I guess this will happen after the next financial crash.