Dubai-Based Goldgenie Sees 300% Surge in Crypto Payments, With XRP Among Key Payment Options

Luxury technology and customization company Goldgenie has reported a sharp increase in cryptocurrency payment activity over the past six months, with XRP emerging as one of the preferred payment options among customers.

In a recent update, Goldgenie revealed that crypto payments surged by 300% over the past six months, underscoring growing demand for digital asset transactions among high-net-worth consumers.

Notably, Goldgenie has accepted cryptocurrency payments since 2015 and currently supports several major digital assets, including XRP, Bitcoin, Ethereum, and stablecoins. According to the company, the past six months marked its strongest period of crypto payment growth since introducing digital asset payment options more than a decade ago.

Factors Driving Adoption

Goldgenie serves customers across the Middle East, Europe, the United Kingdom, North America, and Asia. The company attributes the rise in crypto payments to several factors, including increasing familiarity with digital assets, the rapid expansion of stablecoin usage, and significant improvements in payment infrastructure.

Notably, Goldgenie expects cryptocurrencies, including XRP, to play a growing role in luxury commerce as more consumers seek flexible and efficient payment alternatives.

Through the company’s payment infrastructure, customers can use cryptocurrencies such as XRP to purchase high-value luxury products. This includes customized devices, bespoke technology projects, and premium gifts. 

Goldgenie noted that crypto payments appeal particularly to international buyers because they offer a more flexible and globally accessible settlement compared to traditional cross-border payment methods. 

XRP Growing Utility in Payments

While Goldgenie supports several cryptocurrencies for commerce, XRP stands out because it was specifically designed for payments. The digital asset enables low-cost, high-speed transactions, with transfers settling within seconds and costing only a fraction of a cent in fees.

Thanks to these advantages, businesses and consumers have increasingly adopted XRP for retail and commercial payments. 

Beyond retail commerce, financial institutions and fintech firms are also leveraging XRP-powered technology for cross-border transactions through Ripple’s payment network. Companies such as Braza Bank, Banco Genial, SBI Holdings, and Azify have integrated Ripple Payments to streamline international money transfers.

Earlier this week, Ripple expanded the reach of the XRP Ledger through its investment in Flutterwave, further strengthening the network’s presence in global payments and financial infrastructure.