Debt Can Convert To Shares: Patricia Crypto Exchange Amid Protests

Debt Can Convert to Shares: Patricia Crypto Exchange

Nigerian cryptocurrency exchange Patricia has started an opportunity for users to convert their owed funds into Patricia shares. This step is part of the company's strategy for fundraising and debt reorganisation, aligning with its app relaunch and fundraising initiatives. The shares will be handled by a Securities Exchange Commission (SEC )-licenced third-party trustee to ensure transparency. Some users showed dissatisfaction and protested at a Patricia-affiliated location, but the company clarified that the office shown in the video is an innovation hub and not their operational place. Patricia plans to regain user balances in batches as it reopens following a security breach in May 2023.