Centra Tech

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Centra Tech logo

Centra Tech was a blockchain project headquartered in Florida, United States. The organization was best known for developing the first debit card technology to hold multiple cryptocurrencies blockchain assets.[1] Two founders of the company, Sam Sharma and Robert Farkas, were arrested on Sunday, April 1, 2018 with federal charges including securities fraud, conspiracy to commit securities fraud, wire fraud and conspiracy to commit wire fraud.[2]

Description[edit]

Centra, found online at Centra.tech, is a cryptocurrency wallet linked with a debit card. You can use the debit card worldwide, which means you can spend your cryptocurrencies wherever cards are accepted.

The company raised $5 million in its pre-ICO that took place in July. Now, they’re preparing for their main ICO throughout August and September. In addition to the debit card and wallet, Centra is launching a platform called Coin Bay, which they’ve described as “the world’s first Amazon style superstore that is designed to be cryptocurrency acceptable.”

Centra has partnered with Visa, MasterCard, and a number of banks to allow them to issue cards worldwide. They officially support 100+ countries.

ICO start date: 2017-10-05

History[edit]

Centra Tech - Wallet and Card Update

The organization developed several platforms that manage online transactions with cryptocurriencies. In 2017, the firm released the world’s first multi-blockchain debit card that manages cryptocurrencies in real-time. The cryptocurrencies involved currently include Bitcoin, Ethereum, ERC20 Tokens, Litecoin, Ripple, Dash, Zcash, and Monero.[3]

Ethereum Enterprise Alliance[edit]

Blockchain startup Centra Tech became a new participant of Ethereum Enterprise Alliance (EIA). This writes the Miracle.Centra Tech company develops a blockchain platform that provides users with the opportunity to buy and sell various goods for cryptocurrency. Also, users of the platform can exchange cryptocurrencies for Fiat money in real time at the current market rate.

Enterprise Ethereum Alliance is a non-profit holding company, which consists mainly of large companies and well-known startups. EA aims to use technology Ethereum corporate needs, with an emphasis on such aspects as security, privacy and scalability. The organization also studies hybrid architectures within Ethereum's public and private networks. Currently, the Alliance includes more than 150 participants[4].

Concept[edit]

Centra Card allows users to spend their cryptocurrency assets in real time anywhere that accepts Visa or Mastercard. All made possible with our Currency Conversion Engine (CCE) Module users can convert their 8+ cryptocurrencies to a spendable fiat. Centra Smart Wallets are safe, secure and insured with 0% fees.

More information in the project whitepaper: https://www.centra.tech/CentraWhitepaper.pdf

See also[edit]

Sources[edit]

External links[edit]

References[edit]

  1. Centra Tech Launching "Centra Card & Wallet" - The World's First Multi-Blockchain Cryptocurrency Debit Card & Smart Insured Wallet
  2. Founders arrested on nytimes.com
  3. Blockchain-based Marketplace to Cut Costs on E-Commerce
  4. Coin Prices Rebound Spreading Hope To ICO


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