How could somebody use it when it did not even materialize? It wasn't a flop because it was nipped in the bud by the governments.
As a matter of fact, I would not even consider the idea as a flop because it actually threatened governments and central banks. It actually raised a strong alarm among them that they needed to urgently convene themselves and discuss it. It became an important agendum in the meetings of powerful world leaders and bankers. These people wouldn't have lifted a finger had they perceived it as a mere addition to the thousands of shitcoins.
In a censorshiped nation like China, Tencent, Alipay, Wechat Pay can do it and I don't think in the future the better nation in freedom like the US, there won't be digital currencies for social media companies, Twitter, Facebook on the their shops or other usecases.
https://www.coindesk.com/chinese-internet-giant-tencent-to-launch-digital-currency-research-teamhttps://www.ft.com/content/fec06de9-ac43-4ab8-81f3-577638bd3c16We have to remember that Paypal was originally one of the large companies coming together to form the Libra Association. But it was compelled by a very powerful force to get out from there.
I guess if Libra won't push through, Facebook will eventually be accepting Bitcoin. It is just a matter of time before Google and others would also embrace Bitcoin.
Facebook accepts bitcoin on their shop or don't accept it, I don't care about it too much. What I am waiting for are the announcements and official launches of digital currencies are made by Facebook, Twitter and are used on their platforms. It will be big bangs for crypto market.
Libra could have already seen the light of day had the US and other European countries not blocked it. These freedom-loving countries were afraid that Libra would somehow destabilize the financial sector.
The project seemed too ambitious and grand to materialize and potentially too disruptive of the financial status quo that they see the need to stop it at all cost. They simply cannot give such potential power to an entity which does not belong to their inner circle.
Yes, it could have been a big bang to the market, too gigantic a big bang that it poses a serious threat to governments' financial and monetary systems. I wonder when such currency would come out.