So I publish a video with information about a company called Centra that claims they will distribute VISA Debit Cards backed by a digital wallet of Cryptocurrencies. The idea is great and if done correctly, can be a game changer in the world between the dying fiat system, and the emerging crypto space. My concerns are documented in this video, which I published on Monday:
I wasn't alone in my suspicions as others picked up on the price manipulation on EtherDelta.
Reddit Thread: ~~~ embed:icocrypto/comments/6ozjs7/centra_announces_ico_multiblockchain_worldwide/?st=j6vwmaro&sh=cdf3f36e reddit metadata:fGljb2NyeXB0b3xodHRwczovL3d3dy5yZWRkaXQuY29tL3IvaWNvY3J5cHRvL2NvbW1lbnRzLzZvempzNy9jZW50cmFfYW5ub3VuY2VzX2ljb19tdWx0aWJsb2NrY2hhaW5fd29ybGR3aWRlLz9zdD1qNnZ3bWFybyZzaD1jZGYzZjM2ZXw= ~~~
Bitcointalk Forum:
https://bitcointalk.org/index.php?topic=2125763
FALSE ACCUSATIONS
Soon after publishing the video, I was sent a message from YouTube informing me that Centra had filed a Trademark Infringement Complaint. But as I explain in the video, my critique of Centra doesn't even come close to how YouTube themselves describe a Trademark Infringement. I talk about that, and invite folks from Centra onto my channel to discuss the matter in this video:
At this point, it is my humble opinion that Centra is either a very elaborate scam, or a poorly run fintech company with big promises that can't be verified. I'm hoping that they are legit, and that they will be able to deliver on their promise to provide a practical way for cryptocurrencies to start being used in the real world with far more ease. We will just have to wait and see. They plan to release the cards in a couple weeks with an official ICO coming soon thereafter. STAY WATCHFUL!
NOTE: I have not received any notice from anyone on the Centra team since posting the second video.
There is already few companies who are distributing VISA debit cards that are backed by cryptocurrency such as Cryptopay and some other two or three well trust worthy companies
So this one I don't know about if it was legit or not, but i can assure you that it's not a game changer because it's not the first
I believe Clif High did a recent interview with one of the Centra Founders and Clif then when on to say that he was going to help in some way to advise this company in order to keep them from looking like they don't know what they're doing........................
scam
Thanks for the very detailed presentation. If it looks like a dog barks like a dog it got to be a dog!
UPDATE! 04.03.2018 - Centra CEO's Arrested: https://www.nytimes.com/2018/04/02/technology/virtual-currency-arrest-centra.html
Did youtube take down your video?
Glad to see you here :).. a lot of