XRP Powers Luxury Payments as Goldgenie Reports 300% Crypto Surge

TLDR

• Goldgenie reported a 300% rise in crypto payment activity over six months.
• The company has accepted crypto payments since 2015.
• XRP is supported alongside Bitcoin, Ethereum, USDT and other digital assets.
• Goldgenie serves luxury buyers across Europe, Asia, the Middle East and North America.
• XRPL validator Vet said XRP and stablecoins can work as complementary payment tools.

Dubai-based luxury technology and customization company Goldgenie reported a 300% increase in cryptocurrency payment activity over the past six months, with XRP listed among the supported assets used by customers for high-value purchases.

Goldgenie said the recent growth marks its strongest period of crypto payment activity since it introduced digital asset payments in 2015. The company currently accepts Bitcoin, XRP, Ethereum, USDT, and other major digital assets through its payment infrastructure.

The company, founded in 1995, serves customers across the Middle East, the United Kingdom, Europe, Asia, and North America. Its product range includes customized luxury devices, bespoke technology projects, premium gifts, and selected franchise-related services.

Goldgenie Reports Rising Crypto Demand Among Luxury Buyers

Goldgenie founder Laban Roomes said many customers already hold digital assets and increasingly view cryptocurrency as a practical way to pay for luxury products, bespoke services, and international purchases.

The company attributed the increase in crypto payment activity to greater familiarity with digital assets, wider use of stablecoins, improved merchant payment infrastructure, and stronger confidence among long-term cryptocurrency holders.

Goldgenie also launched a dedicated cryptocurrency information hub to explain how customers can use supported digital assets for luxury purchases and selected services. The company said the resource was created to support rising demand from buyers who want clearer payment guidance before using crypto at checkout.

Crypto payments may appeal to international luxury buyers because blockchain-based settlement can offer global access and flexible payment options compared with traditional cross-border methods. Goldgenie said this is particularly relevant for entrepreneurs, investors, collectors, and technology-focused clients who already manage part of their wealth through digital assets.

XRP Remains Among Supported Payment Options

XRP is one of the digital assets accepted by Goldgenie, alongside Bitcoin, Ethereum, and stablecoins. The token’s payment-focused design has made it a recurring part of discussions about retail payments, cross-border settlement, and merchant adoption.

XRP transactions typically settle within seconds and carry low network fees, which has supported its use case as a transfer asset. While Goldgenie accepts several cryptocurrencies, XRP’s role in the payment sector remains tied to its speed, cost profile, and use within the broader XRP Ledger ecosystem.

Ripple-related payment infrastructure has also continued expanding beyond retail commerce. Companies such as Braza Bank, Banco Genial, SBI Holdings, and Azify have used Ripple Payments for international money transfers, while Ripple recently made a strategic investment in Flutterwave.

Flutterwave said the investment is connected to its stablecoin infrastructure and plans to integrate RLUSD, Ripple Payments, and XRP Ledger technology for cross-border payment rails. The partnership focuses on faster settlement, lower costs, and payment access across African markets.

Stablecoins and XRP Seen as Complementary on XRPL

The rise in Goldgenie’s crypto payments also comes as XRP Ledger community members debate how XRP and stablecoins should work together in payment flows. XRPL validator Vet said XRP and stablecoins are complementary parts of the payment stack rather than direct rivals.

The discussion followed comments from researcher Eri, who said Ripple has used Tether and USDC to support On-Demand Liquidity flows while XRPL liquidity remains important. Eri also noted that XRP may have use cases beyond payments, including collateral and DeFi.

Vet said stablecoins can help service providers build reliable payment routes, while XRP can serve as a neutral bridge asset when many issued currencies exist on-chain. He argued that without a bridge asset, liquidity may become fragmented across too many direct trading pairs.

XRPL developers are also working on features that could improve stablecoin, real-world asset, and DeFi pricing. A proposed automated market maker upgrade would add StableSwap and concentrated liquidity to reduce slippage for assets that trade near the same value.

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