Ripple Product Director: Libra is a cash account packaged in a “blockchain”

According to BeInCrypto, Coinbase CEO Brian Armstrong today said that Libra is one of the upcoming major encryption projects with the potential to improve the world. Whether it is effective remains to be seen, but the strong opposition to Libra is somewhat strange and misleading. In response, Ripple's product director Craig DeWitt responded that it is difficult for me to understand the difference between Libra and just having a money market account on Facebook. Is this a "blockchain" as a packaged cash account? This is a road to banking that needs to be regulated like a bank – I can only see the value of Facebook in this regard.