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How does Libra work?

By now you know the basics of Libra. Cash in a local currency, get Libra, spend them like dollars without big transaction fees or your real name attached, cash them out whenever you want. Feel free to stop reading and share this article if that’s all you care about. 
I hope libra is denied by the world because they would control the economy like this if they release it. and also more power for Facebook which is wrong. so I think libra should not be released like normal currency. it should be controlled from what i have seen so far.
I have no idea about Libra. Because I don't use Libra. I don't know how it works.

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