Centra (cryptocurrency)

Centra (cryptocurrency)

Centra is a company which advertised itself as a blockchain-based credit card and payment system.

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Neelam Jhaveri
Neelam Jhaveri approved a suggestion from Golden's AI on 4 February, 2020 11:20 am
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The ICO for Centra raised $32 million from investors and claimed to have 'big-name partnerships and celebrity endorsements'. At the time of their ICO Centra stated on their website they were creating “the world’s first multi-blockchain debit card and smart and insured wallet”, and their company would link each users cryptocurrency wallet to debit and credit cards to provide insurance covered for their stored assets by having partnership agreements with both Mastercard and Visa. The company also claimed their cryptocurrency wallet was compatible with 5 major cryptocurrencies which included Bitcoin, EthereumEthereum, and Litecoin.

Edits on 29 January, 2020
Carla Faraguna
Carla Faraguna approved a suggestion from Golden's AI on 29 January, 2020 5:25 pm
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The ICO for Centra raised $32 million from investors and claimed to have 'big-name partnerships and celebrity endorsements'. At the time of their ICO Centra stated on their website they were creating “the world’s first multi-blockchain debit card and smart and insured wallet”, and their company would link each users cryptocurrency walletcryptocurrency wallet to debit and credit cards to provide insurance covered for their stored assets by having partnership agreements with both Mastercard and Visa. The company also claimed their cryptocurrency wallet was compatible with 5 major cryptocurrencies which included Bitcoin, Ethereum, and Litecoin.

Edits on 7 October, 2019
Jude Gomila
Jude Gomila approved a suggestion from Golden's AI on 7 October, 2019 11:19 pm
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The ICO for Centra raised $32 million from investors and claimed to have 'big-name partnerships and celebrity endorsements'. At the time of their ICO Centra stated on their website they were creating “the world’s first multi-blockchain debit card and smart and insured wallet”, and their company would link each users cryptocurrency wallet to debit and credit cards to provide insurance covered for their stored assets by having partnership agreements with both Mastercard and Visa. The company also claimed their cryptocurrency wallet was compatible with 5 major cryptocurrencies which included BitcoinBitcoin, Ethereum, and Litecoin.

Edits on 5 October, 2019
Dawson Sewell
Dawson Sewell edited on 5 October, 2019 6:51 pm
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Centra (cryptocurrency)

Centra is a company which advertised itself as a blockchain-based credit card and payment system. The founders of Centra have been arrested by authorities in the United States and indicted on charges of securities fraud.

Article

Centra is a blockchain-based product line solution that aims to create a world connected to cryptocurrency.

Controversy

Centra is a blockchain-based product line solution that aims to create a world connected to cryptocurrency. On April 20, 2018 the founder of Centra, Raymon Trapni, Sohrab Sharma, and Robert Farkas, were arrested and charged by the US Department of Justice's (DOJ) for securities and wire fraud after the completion of Centra's fraudulent initial coin offering (ICO). The arrests and charges were the result of the founders claiming the Centra debit card was backed by Visa and Mastercard, and would allow users to convert cryptocurrencies into fiat currencies. This partnership claim turned out to be false according the the US Securities and Exchange Commission.

The ICO for Centra raised $32 million from investors and claimed to have 'big-name partnerships and celebrity endorsements'. At the time of their ICO Centra stated on their website they were creating “the world’s first multi-blockchain debit card and smart and insured wallet”, and their company would link each users cryptocurrency wallet to debit and credit cards to provide insurance covered for their stored assets by having partnership agreements with both Mastercard and Visa. The company also claimed their cryptocurrency wallet was compatible with 5 major cryptocurrencies which included Bitcoin, Ethereum, and Litecoin.

Edits on 30 January, 2019
Golden AI
Golden AI edited on 30 January, 2019 2:15 am
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Edits on 30 November, 2018
Carla Faraguna
Carla Faraguna edited on 30 November, 2018 6:04 pm
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Further reading

Title
Author
Link
Type

DJ Khaled, Floyd Mayweather Jr. charged with cryptocurrency fraud

Ahiza Garcia, CNN Business

Web

Categories
Edits on 24 November, 2018
Form Icin
Form Icin approved a suggestion from Golden's AI on 24 November, 2018 11:56 pm
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Centra is a blockchain-based product line solution that aims to create a world connected to cryptocurrency. On April 20, 2018 the founder of Centra, Raymon Trapni, Sohrab Sharma, and Robert Farkas, were arrested and charged by the US Department of Justice's (DOJ) for securities and wire fraud after the completion of Centra's fraudulent initial coin offering (ICO). The arrests and charges were the result of the founders claiming the Centra debit card was backed by Visa and MastercardMastercard, and would allow users to convert cryptocurrencies into fiat currencies. This partnership claim turned out to be false according the the US Securities and Exchange Commission.

Edits on 21 November, 2018
Dawson Sewell
Dawson Sewell edited on 21 November, 2018 5:25 pm
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Article

Centra is a blockchain-based product line solution that aims to create a world connected to cryptocurrency. The founders of Centra have been arrested by authorities in the United States and indicted on charges of securities fraud.

Centra is a blockchain-based product line solution that aims to create a world connected to cryptocurrency. On April 20, 2018 the founder of Centra, Raymon Trapni, Sohrab Sharma, and Robert Farkas, were arrested and charged by the US Department of Justice's (DOJ) for securities and wire fraud after the completion of Centra's fraudulent initial coin offering (ICO). The arrests and charges were the result of the founders claiming the Centra debit card was backed by Visa and Mastercard, and would allow users to convert cryptocurrencies into fiat currencies. This partnership claim turned out to be false according the the US Securities and Exchange Commission.

People

Name
Role
Related Golden topics

Allan Shutt

Chase Zimmerman

Martin Pekjov

Michael Hadzipanajotis

Raymond Trapani

Co-Founder

Robert Farkas

Sohrab Sharma

Co-Founder

Steven Sykes

Further reading

Title
Author
Link
Type

Centra – Cryptocurrency Coin Card & Wallet ICO CTR Token Sale?

Bitcoin Exchange Guide

Web

Centra White Paper

Centra Team

Academic

Federal2 complaintFounders filedof by$32 theMillion SECCentra inVirtual districtCurrency courtProject Are Arrested

Nathaniel Popper

News

Documentaries, videos and podcasts

Title
Date
Link

Centra Tech | Wallet and Card Update

OctAugust 2129, 2017

Update 04.03.2018: We Called it! CENTRA was a Scam!

Edits on 17 August, 2018
Golden AI"Update infobox attributes"
Golden AI edited on 17 August, 2018 12:17 am
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Edits on 15 August, 2018
Golden AI"Update infobox attributes"
Golden AI edited on 15 August, 2018 9:59 pm
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Golden AI"Linkify text links in standard tables"
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Further reading

Author
Title
Link
Type

Bitcoin Exchange Guide

Centra – Cryptocurrency Coin Card & Wallet ICO CTR Token Sale?

https://bitcoinexchangeguide.com/centra/https://bitcoinexchangeguide.com/centra/

Centra Team

Centra White Paper

https://www.centra.tech/CentraWhitepaper.pdfhttps://www.centra.tech/CentraWhitepaper.pdf

Documentaries, videos and podcasts

Title
Date
Link

Centra Tech | Wallet and Card Update

Oct 21, 2017

https://youtu.be/NmpBpCJSXCchttps://youtu.be/NmpBpCJSXCc

Edits on 17 May, 2018
Michael Mangus"be more precise"
Michael Mangus edited on 17 May, 2018 6:35 pm
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Federal criminal complaint filed by the SEC in southern New York district court

Michael Mangus
Michael Mangus edited on 17 May, 2018 6:34 pm
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Federal criminal complaint filed by the SEC in southern New York district court

Alex Dean"Updating to reflect that these features seem unlikely to ever be built in light of the criminal charges against the founders."
Alex Dean edited on 17 May, 2018 6:19 pm
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Topic thumbnail

Centra (cryptocurrency)

Centra is a blockchain-based product line solution that aims to create a world connected to cryptocurrency.

Centra is a company which advertised itself as a blockchain-based credit card and payment system. The founders of Centra have been arrested by authorities in the United States and indicted on charges of securities fraud.

Article

Its core products includes:

  • Centra Card - prepaid card
  • Centra Wallet - multi-blockchain wallet system
  • Centrachain - open-source blockchain network with DPoS consensus
  • Centra Market - marketplace for over 100,000 items
  • Centra Network - both a centralized and decentralized exchange platform
  • Centra Merchant Services - designed for corporations and business owners
  • Centra (CTR) Tokens/Coins - main digital currency
  • CCE Module - off-chain multi-blockchain conversion engine
...

Centra is developed by Centra Tech, a Delaware Corporation with headquarters in Miami Beach, Florida.

Edits on 9 May, 2018
Tianchang He
Tianchang He edited on 9 May, 2018 5:38 pm
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Centra is a blockchain-based product line solution that aims to create a world connected to cryptocurrency. The founders of Centra have been arrested by authorities in the United StatesUnited States and indicted on charges of securities fraud.

Edits on 5 April, 2018
Alex Dean
Alex Dean edited on 5 April, 2018 12:36 am
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Centra is a blockchain-based product line solution that aims to create a world connected to cryptocurrency. The founders of Centra have been arrested by authorities in the United States and indicted on charges of securities fraud.

Edits on 14 March, 2018
Jude Gomila
Jude Gomila edited on 14 March, 2018 6:59 pm
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Edits on 13 March, 2018
Jude Gomila
Jude Gomila edited on 13 March, 2018 4:50 pm
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Centra is developed by Centra Tech, a Delaware Corporation with headquarters in Miami Beach, FloridaMiami Beach, Florida.

Edits on 4 March, 2018
Michael Naval
Michael Naval edited on 4 March, 2018 1:07 pm
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Centra Card - prepaid card

Centra Wallet - multi-blockchain wallet system

Centrachain - open-source blockchain network with DPoS consensus

Centra Market - marketplace for over 100,000 items

Centra Network - both a centralized and decentralized exchange platform

Centra Merchant Services - designed for corporations and business owners

Centra (CTR) Tokens/Coins - main digital currency

CCE Module - off-chain multi-blockchain conversion engine

  • Centra Card - prepaid card
  • Centra Wallet - multi-blockchain wallet system
  • Centrachain - open-source blockchain network with DPoS consensus
  • Centra Market - marketplace for over 100,000 items
  • Centra Network - both a centralized and decentralized exchange platform
  • Centra Merchant Services - designed for corporations and business owners
  • Centra (CTR) Tokens/Coins - main digital currency
  • CCE Module - off-chain multi-blockchain conversion engine
Edits on 26 February, 2018
Michael Naval
Michael Naval edited on 26 February, 2018 5:46 am
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Further reading (+33/-26 characters)
Further reading

Author
Title
Link

Centra – Cryptocurrency Coin Card & Wallet ICO CTR Token Sale?

https://bitcoinexchangeguide.com/centra/

Centra White Paper

https://www.centra.tech/CentraWhitepaper.pdf

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