WHAT IS BUILDPay?
The construction industry still mostly pays with archaic paper checks. This current payment method causes delays in money transmission from fourteen to ninety days or more. Costs then increase as contractors, sub-contractors and workers must add fees to offset the delay. These costs ultimately get passed on to the consumer through increased office space or home costs.
By utilizing the power of a decentralized distributed ledger system, the construction industry can achieve better transparency, improved efficiency and a flat architecture where everyone has fast access to the funds they need when they need them. BUILD1x solves the delayed payments problem by allowing users to create individual and company digital wallets utilized to move money quickly and safely.
The way it works is simple, when either builders, developers or contractors, pay their teams through the BUILDPay system, all payments are direct and instant. A unique and secure digital wallet is created allowing each member of the BUILD1x ecosystem to manage their payments, request funds and build loyalty through fast payment.
PAY AND GET PAID
Send, receive and request payments in real-time. No more paper checks!
SECURITY AND ACCESS
Total security and privacy with your own digital wallet connected to your B1x debit card.