Shutdown event

What happened to the BitPay Prepaid Mastercard

BitPay Prepaid Mastercard closed to new applications on 2023-05-03, after MCB crypto-vertical exit, announced 9 Jan 2023.

The event: MCB crypto-vertical exit, announced 9 Jan 2023.

Effective 2023-05-03. Each date is the day the card became unobtainable, which is not always the day cards stopped working — see the full study for how the two shapes are counted.

Researched and written by Mihail B. Published 2026-08-11, updated 2026-08-20.

BitPay Prepaid Mastercard

Issuer: Metropolitan Commercial Bank

What happened: Sponsor bank MCB exited its crypto vertical; BitPay and MCB jointly discontinued the Prepaid Mastercard programme, new cardholder applications stopped immediately on announcement (3 May 2023), loads ended 1 Jun and spending 15 Jun 2023

Unobtainable from: 2023-05-03

Outcome: shutdown — not obtainable today

The promised replacement never shipped. BitPay said it would "launch a new BitPay card program with a new bank partner" later in 2023 and auto-enrolled cardholders on a waitlist; as of 2026-08-05 bitpay.com/card redirects to the homepage, which carries no card product, and the old "How do I order the BitPay Card" support article 404s.

Sources: primary · corroborating · outcome

This is one event from the full shutdown study, which covers every verified closure we track, how the events group, and what the pattern does and does not prove. If you are here because one of these cards was yours, the directory of closed cards lists the closest cards still on sale beside each one.