Patricia Token (PTK) users can now convert owed funds into Patricia shares, a fundraising strategy.
Patricia's CEO also revealed that these shares will be managed by a Securities Exchange Commission -licensed trusted third-party trustee to ensure complete transparency.) issued to customers to manage users’ debt by Patricia, a Nigerian cryptocurrency exchange, the chief executive officer of the exchange , Fejiro Hanu, has confirmed that customers now have the option to convert their owed funds into Patricia shares.
According to a statement from the CEO, this process forms an integral component of the firm’s strategy for fundraising and reorganizing its debts. In anticipation of the firm’s upcoming app relaunch and in preparation for its fundraising initiative, it is affording its users the opportunity to transform their debt tokens into convertible notes at a favorable discount in Patricia.
He also revealed that these shares will be managed by a Securities Exchange Commission -licensed trusted third-party trustee to ensure complete transparency. However, this option doesn’t seem to agree with some agitated users who took to a Patricia affiliated outlet to make their case heard but met no one. In a videorounds on X social platform the agitated users are seen hanging around the empty building and making statements reflecting their dissatisfaction with the situation of things.Speaking with Cointelegraph, Hanu stated that the video content is misleading and mischievous as the firm runs a full remote structure.
When asked about the current solution for users who are still unable to withdraw their funds, Hanu stated that the Patricia app that is about to relaunch is currently at Beta testing, and invites were extended to customers to experience the app before opening to the public. Few customers who opted for the testing process are currently getting their PUTX redeemed.
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