Why we expanded payment tenure to customers —Firm

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THE management of Patricia Technologies Limited has explained decision to announce a two to five-year repayment regime for all customers who lost money following a recent breach of its platform by some was informed by the need to manage customer expectations and keep faith with its avowed commitment to them.

The cryptocurrency company stated that the new repayment regime is a careful sequel to the company’s repayment exercise launched on Monday November 20, 2023.

It further explained that this phased repayment regime would give the business and the Police the needed latitude to recover stolen funds from the arrested suspects and enable the business to mass up some revenues from the continued use of the reinforced Patricia App.

“To manage expectations, Patricia Technologies estimates a repayment plan spanning two to five years. The commitment is to ensure that every customer receives their full and final rightful payments within this timeframe, underscoring the company’s determination to persist until all of its financial obligations are fulfilled,” it stated.

While assuring its customers of its resolve to prevent further breach, the company hinted that it has worked on a new technological solution to prevent a repeat of the breach.

“To streamline transactions and fortify security, Patricia Technologies is redesigning the Patricia Plus platform. The AI-enabled system, scheduled to go live by Q2 2024, aims to offer a simpler, more efficient user experience while reducing operational burdens,” it added.

It will be recalled that Patricia Technologies Limited recently suffered a setback from a breach of its platform by suspected criminal elements, resulting in substantial asset losses to the company and customers.

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