Draft:Centra Tech

Centra Tech, Inc. is a defunct blockchain-based business that purported to develop a debit card capable of spending cryptocurrencies in real-time without having to go through a digital cryptocurrency exchange.

The company faked business relationships with The Bancorp and Visa, and received endorsements from Floyd Mayweather Jr. and DJ Khaled.

Its founders were found guilty of securities fraud.

History
Centra Tech was founded by Sam Sharma, Raymond Trapani and Robert Farkas in Miami, Florida, in 2017.

Criminal trial
Sam Sharma was sentenced to eight years in prison for conducting an illegal initial coin offering.

In pop culture
The story of Centra Tech and the resulting criminal investigation into its co-founders was dramatized by Netflix in their 2024 film Bitconned.