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BTC China launches Bitcoin trading web app for mobile

Picasso ATM will let you sell cryptocurrencies for cash through your phone.

By Jimmy Nicholls

Cryptocurrency exchange BTC China today launched a web app that will allow its users to securely trade Bitcoin and Litecoin from their phones.

Picasso ATM, accessible through the web rather than phone marketplaces, allows users to set profit margins and supports major currencies.

Speaking to TechCrunch, BTC China chief executive Bobby Lee expressed the Shanghai firm’s ambition to expand globally, citing the company’s dominance of their domestic market.

Those wishing to trade coins through the app need to register for a BTC China account and deposit coins in the virtual Picasso wallet. The service is available in both English and Chinese.

Last December BTC China suspended Chinese yuan deposits after Beijing prohibited financial services trading in Bitcoin, leading to a drop in trader confidence.

Earlier this month Chinese banks started to close cryptocurrency exchanges trading accounts, in further evidence of the Asian power’s hostility to digital currencies.

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