Shutdown event

MCB crypto-vertical exit, announced 9 Jan 2023

1 consumer card programme was affected by MCB crypto-vertical exit, announced 9 Jan 2023. Every row carries a primary source.

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.

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.