BitPay Card
OG crypto payments + card.
- Who holds it
- A licensed crypto-asset custodian holds the assets on your behalf — BitLicense (NYDFS) + FinCEN MSB + 20+ state money-transmitter licenses.
- The ledger
- The custodian’s books, reconciled against on-chain balances.
- If it fails
- Recovery hinges on the custodian’s solvency and how cleanly client assets are segregated.
Derived from BitPay Card’s regulation type and custody — a class of protection, not a guarantee. Limits and eligibility vary by scheme, balance and jurisdiction; confirm before you rely on it. What happens if a neobank shuts down →
The facts
| Category | hybrid |
| HQ | Atlanta, US |
| Founded | 2011 |
| Custody | Custodial |
| Regulation type | VASP / MSB / crypto licenses |
| License detail | BitLicense (NYDFS) + FinCEN MSB + 20+ state money-transmitter licenses |
| Card | MC · Prepaid |
| Stablecoins | Yes |
| KYC | Yes |
| Active regions | North America |
| Founders | Tony Gallippi, Stephen Pair |
Verified links: official site ↗
Common questions about BitPay Card
What is BitPay Card?
BitPay Card is a fiat-and-crypto neobank, headquartered in Atlanta, US and founded in 2011. Your money is held custodially, so BitPay Card or its partner bank holds the balance and you hold a claim on it. It holds VASP / MSB / crypto licenses (BitLicense (NYDFS) + FinCEN MSB + 20+ state money-transmitter licenses).
Does BitPay Card have a card, and where can you use it?
It issues a Mastercard prepaid card. It is available in North America.
Does BitPay Card require KYC?
Yes. BitPay Card requires identity verification (KYC) to open an account, as a vasp / msb / crypto licenses.
Peers
Revolut · Cash App · Mogo · Venmo · Robinhood · Crypto.com
BitPay Card appears in
Neobanks operating under crypto and money-transmitter licenses (25) · Neobanks available in North America (126) · Neobanks that issue a Mastercard (150) · Neobanks in United States (66)
Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.