Starcave has received a $3m investment to support the development of its Ghost Wallet platform.
The funding round was supported by LDJ Cayman Fund.
Ghost Wallet is an electric wallet and platform which improves the security of transactions. It works through a colour code system, whereby a user’s smartphone will display a colour grid box for the signature pattern with hundreds of different colours. Within this grid, a single colour will have 10,000 variations and each signature will have a unique combination of them.
The platform checks the unique code before a payment transaction is completed, helping to improve security of online transactions and crypto trading.
According to Ted Ko, Starcave Global CEO, “The Color Code Technology that powers Ghost Wallet provides a higher level of security is nothing short of revolutionary. Color Code Security enables the users to draw any pattern on a mobile colour grid to form a combination of colours which provide nearly infinite possible combinations.
“The generated colour code is unique and temporary for just a very short time of 60 Seconds. Every colour represents a specific value, and it’s not reusable or replicable, making it ideal for preventing any hacking attempts.”