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Everyday payments, commences RPAA compliance process for thousands of hospitality businesses

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Everyday payments, commences RPAA compliance process for thousands of hospitality businesses

XTM Inc. (OTCQB: XTMIF | CSE: PAID), a fintech company delivering instant payout solutions for employees and gig workers, today announced the commencement of the Retail Payment Activities Act (RPAA) compliance process through its management services subsidiary, Everyday People Payments Inc. (“Everyday Payments”), for thousands of hospitality businesses across Canada.

“While the RPAA transition has included challenges related to reconciliation and technology alignment, we welcome building from a place of discipline.” — Marilyn SchafferShare

“Applying under the RPAA to the newly formed Everyday Payments is a natural extension of how we operate our business,” said Gordon Reykdal, Executive Chairman Everyday People Financial Corp. and Board Member, Everyday Payments. “We welcome a clear and robust regulatory framework and believe it strengthens trust across the payments ecosystem, benefiting consumers, merchants, and partners alike.”

Pursuant to the Management Services Agreement entered into between XTM and EP Payments on October 22, 2025, EP Payments has been operating the Everyday platform, focused on enhancing system capabilities and establishing long-term operational stability. On January 28, 2026, additional risk mitigation measures were implemented to address legacy operational practices, including:

  • Implementation of regulated trust accounts for each client, expected to be completed within 30–45 business days
  • Transition from weekly to daily withdrawals, improving reconciliation, control, and operational visibility
  • Enhanced audit and review rights for business owners to independently assess account standing

“The RPAA framework represents a meaningful step forward for XTM as we complete the migration of AnyDay to Everyday Payments,” said Marilyn Schaffer, CEO of XTM. “This progress would not have been possible without the expertise and infrastructure of the EPP team. While the transition has included challenges related to reconciliation and technology alignment, we welcome the rigor and discipline the RPAA brings and look forward to building from a position of strength.”

The Retail Payment Activities Act, which came into force in stages beginning in November 2024, is a Canadian federal law establishing a comprehensive regulatory framework for payment service providers (PSPs). Administered by the Bank of Canada, the Act requires PSPs to register, implement operational risk management frameworks, safeguard end-user funds, and adhere to incident reporting requirements. Registration under the RPAA opened on November 1, 2024.

As part of this framework, the newly formed Everyday Payments to which the AnyDay Canadian hospitality tip-out solution was transitioned is implementing policies and controls aligned with the Act’s requirements, including enhanced risk management practices, safeguarding of end-user funds, and formal incident reporting processes.

As a critical service for the Canadian hospitality industry, Everyday Payments is committed to remaining fully operational and continues to serve its customers while the RPAA registration implementation is underway.

Aave Founder Stani Kulechov buys $30 million mansion in London’s Notting Hill: Bloomberg

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Aave Founder Stani Kulechov buys $30 million mansion in London’s Notting Hill: Bloomberg

Stani Kulechov, the founder of decentralized lending platform Aave, bought a 22 million-pound ($30 million), five-floor mansion in London’s upscale Notting Hill area, according to a report from Bloomberg.

The entrepreneur bought the luxury property in November for about 2 million pounds less than the guide price, Bloomberg reported citing brokers involved in the sale.

Kulechov, a Russian-born Finnish lawyer, founded Aave in 2017 under the name ETHLend. The platform, which aspires to become the backbone of the next generation of credit services, not just leverage for crypto, has over $50 billion in assets deposited across its markets.

Kulechov has been something of a champion of the U.K. and Ireland as possible crypto hubs. He recently welcomed U.K. tax authority HMRC’s approach to DeFi lending protocols, that locking crypto up as collateral would not generate a taxable event .

A spokesperson for Aave did not immediately respond to a request for comment.

Bitcoin ETFs Rebound $562M After $1.5B Outflows

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Bitcoin ETFs Rebound $562M After $1.5B Outflows

Bitcoin exchange-traded funds (ETF) experienced another recovery on Monday amid a challenging market environment for BTC and broader digital assets.

Spot Bitcoin (BTC) ETFs drew around $562 million of inflows, breaking a four-day outflow streak. $1.5 billion outflows were recorded last week, according to SoSoValue data.

Despite the uptick, analysts cautioned that ETFs and broader markets are likely to face continued pressure from institutional selling and macro uncertainty, with near-term support potentially sticking around ETF cost basis levels of $84,000.

The inflows came as Bitcoin rebounded on Monday after briefly dipping below $75,000 over the weekend, surging to an intraday high above $79,000, according to CoinGecko.

Bitcoin ETFs at $1 billion outflows year-to-date

The fresh $562 million of inflows account for a notable portion of year-to-date outflows for spot Bitcoin ETFs, which stood at $1 billion as of Tuesday.

So far this year, total outflows have reached $4.6 billion, offsetting $3.6 billion of inflows, according to SoSoValue data.

Bitcoin ETF flows since Jan. 16, 2026. Source: SoSoValue

In contrast, Ether (ETH) ETFs did not manage to reach any inflows on Monday, posting minor outflows of $2.9 million.

ETF flow cost basis now underwater, says Galaxy Digital’s Alex Thorn

In addition to the outflows, Bitcoin’s price has fallen below the ETF flow cost basis, Galaxy Digital’s head of research Alex Thorn said in a market update on X on Monday.

“BTC is currently trading 7.3% lower than the average ETF create cost basis ($84k), though it traded as low as 10% below that level on Saturday, Jan. 31,” Thorn noted, adding:

“BTC hasn’t traded below the average ETF create cost basis since summer and early fall 2024, when it reached as low as -9.9%. It’s reasonable to expect this level to serve as near-term support.”

Thorn also pointed to Bitcoin’s realized price of $56,000, noting that BTC has historically found support “around or slightly below” that level before a bull market.

Bitcoin Key Levels (realized price, 50-week moving average, 200-week moving average) since 2011. Source: Galaxy Research, Glassnode

James Butterfill, head of research at CoinShares, said the market faces unfavorable capital flows, Bitcoin’s decoupling from global money supply trends, geopolitical tensions and uncertainty over US monetary policy amid Kevin Warsh’s designation as Federal Reserve Chair.

Related: Cathie Wood’s ARK boosts crypto shares amid stock pullback

“In the long term, however, the outlook remains constructive, as structural concerns about currency depreciation persist and the current lag behind liquidity trends signals potential for catch-up,” Butterfill added.

On Monday, CoinShares reported that crypto exchange-traded products shed another $1.7 billion last week, doubling outflows from the previous week.