Abhishek Bhandari
Co-Founder & CMO
Crypque, founded by Abhishek Bhandari, Ankit Bhasin and Siddharth Shukla, is a comprehensive crypto education platform dedicated to empowering individuals through online and physical events across India and internationally. The company is developing various blockchain-based applications, including Cryp, a versatile platform akin to crypto payment solution, enabling users to leverage cryptocurrency for UPI payments, mobile and DTV recharges, and even travel bookings. Crypque also offers Cryp Labs, a mutualfund-style product for the crypto market, and the Tornado Token for community engagement, to address user challenges and enhance participation in the crypto space, particularly targeting the instant liquidation challenges prevalent in the market.
Abhishek Bhandari, with a decade of experience in the industry, was among the early pioneers in cryptocurrency, establishing one of India’s largest Bitcoin mining setups in Dehradun. Fascinated by Bitcoin, his interest expanded into the underlying technologies of blockchain and Web3, driving a passion for decentralization. Through consulting for various international and Indian platforms, he gained recognition, collaborating with industry experts and government officials on integrating cryptocurrency into India's ecosystem, ultimately shaping the company’s core objectives and mission to educate and innovate in the crypto space.
“Our mission is to make crypto accessible to the masses, especially in India, which leads the world with around 150 million cryptocurrency users.We aim to build platforms and an ecosystem where cryptocurrencies function as real-world assets. With cryptocurrency set to transform global finance, we’re committed to creating seamless transaction solutions for India’s next generations, paving the way for widespread adoption”, says Abhishek Bhandari, Co-Founder & CMO, Crypque.
Empowering Knowledge and Innovation in Cryptocurrency
Web3 is poised to revolutionize business by decentralizing data control, offering users autonomy over their own content. Traditional platforms like YouTube or Facebook retain control over user-generated data, but Web3 shifts this power back to creators, enabling a transformative impact on social media and content platforms. While developed countries are already adopting Web3 for payments, India’s Web3 adoption is evolving.
With regulatory frameworks in prog- ress, Crypque is prepared to introduce solutions that align with global standards. Its Cryp application offers a unique, all-in-one platform encompassing encrypted wallets, DeFi access across popular blockchains (like Bitcoin and Ethereum), and comprehensive crypto payment solutions, catering to both Indian and international users for seamless transactions.
Crypque is deeply committed to empowering people with knowledge in blockchain, Web 3.0, and crypto technologies. By bridging educational gaps, the company aims to guide users toward informed, strategic engagement in the industry whether as traders, developers, or long-term investors, ensuring they understand foundational concepts, the true nature of cryptocurrency, and its potential before actively parti-cipating in this rapidly evolving sector.
The company’s core service focuses on educating individuals about the cryptocurrency and blockchain industry. Through diverse events, seminars, and virtual conferences in India and internationally, Crypque enhances public understanding of cryptocurrency fundamentals. Additionally, the company is actively developing innovative products such as the Cryp application for versatile crypto transactions, Cryp Labs as a crypto mutual fund, and the Tornado Token, a community-driven utility token designed for real-world usability.
In the competitive landscape of the immersive digital world, Crypque stands out by addressing key challenges within the Indian ecosystem, particularly the lack of knowledge about cryptocurrency. Its innovative Cryp application offers a unique combination of an encrypted wallet, exchange utility services, and UPI functionality. Unlike existing solutions that require multiple platforms for transactions, Cryp serves as a one-stop solution for crypto users, simplifying their experience and enhancing accessibility. This innovative approach provides a seamless user experience, making Crypque one of India’s pioneers in offering an all-in-one solution for crypto transactions and engagement.
“Currently, India has set three primary guidelines for the cryptocurrency ecosystem. First, any platform dealing in cryptocurrency and fiat (INR) must complete a full KYC for users. Second, a 1 percent TDS applies on transactions liquidating virtual assets into INR, which must be reported. Lastly, profits made from crypto are subject to a 30 percent tax, to be declared annually. Additionally, the government has established the FIU to monitor transactions and ensure platform legitimacy, protecting users from scams”, adds Abhishek Bhandari.
Journey from Startup Challenges to Market Success
In the initial stages, Crypque faced significant challenges as a startup in a regulatory gray area. Compliance was a major hurdle, particularly in establishing banking relationships necessary for Web3 and blockchain solutions. The absence of a robust compliance infrastructure made it difficult to access financial services that were available to other startups. Additionally, misconceptions and fraudulent activities in the industry hindered credibility. To combat this, the company focused on educating users about distinguishing genuine projects from scams.
Building brand identity involves providing valuable knowledge and insights, and helping community members make informed investment decisions. By prioritizing user education and trust, the company aims to enhance its brand value and foster a secure environment for its users. The company has received an overwhelming market response for its products, gaining recognition from multiple organizations, along with the Dr APJ Abdul Kalam Award. Moreover, users from over 25 countries are currently participating in the company's product beta phase.
Looking ahead, the company has established targets for its products and services, aiming to achieve them by March 2025. While some goals have already been met, the company is also expanding its focus to international projects, including initiatives in Dubai, as part of the strategy for the upcoming financial year. Additionally, Crypque aims to integrate real estate projects with blockchain to facilitate fractional ownership, allowing users to invest in high-value properties through tokenization. Ultimately, the target is to become a leading Web3 and blockchain solution provider in India by 2030.
Crypque is deeply committed to empowering people with knowledge in blockchain, Web 3.0, and crypto technologies. By bridging educational gaps, the company aims to guide users toward informed, strategic engagement in the industry whether as traders, developers, or long-term investors, ensuring they understand foundational concepts, the true nature of cryptocurrency, and its potential before actively parti-cipating in this rapidly evolving sector.
The company’s core service focuses on educating individuals about the cryptocurrency and blockchain industry. Through diverse events, seminars, and virtual conferences in India and internationally, Crypque enhances public understanding of cryptocurrency fundamentals. Additionally, the company is actively developing innovative products such as the Cryp application for versatile crypto transactions, Cryp Labs as a crypto mutual fund, and the Tornado Token, a community-driven utility token designed for real-world usability.
Crypque stands out by addressing key challenges within the Indian ecosystem, particularly the lack of knowledge about cryptocurrency
In the competitive landscape of the immersive digital world, Crypque stands out by addressing key challenges within the Indian ecosystem, particularly the lack of knowledge about cryptocurrency. Its innovative Cryp application offers a unique combination of an encrypted wallet, exchange utility services, and UPI functionality. Unlike existing solutions that require multiple platforms for transactions, Cryp serves as a one-stop solution for crypto users, simplifying their experience and enhancing accessibility. This innovative approach provides a seamless user experience, making Crypque one of India’s pioneers in offering an all-in-one solution for crypto transactions and engagement.
“Currently, India has set three primary guidelines for the cryptocurrency ecosystem. First, any platform dealing in cryptocurrency and fiat (INR) must complete a full KYC for users. Second, a 1 percent TDS applies on transactions liquidating virtual assets into INR, which must be reported. Lastly, profits made from crypto are subject to a 30 percent tax, to be declared annually. Additionally, the government has established the FIU to monitor transactions and ensure platform legitimacy, protecting users from scams”, adds Abhishek Bhandari.
Journey from Startup Challenges to Market Success
In the initial stages, Crypque faced significant challenges as a startup in a regulatory gray area. Compliance was a major hurdle, particularly in establishing banking relationships necessary for Web3 and blockchain solutions. The absence of a robust compliance infrastructure made it difficult to access financial services that were available to other startups. Additionally, misconceptions and fraudulent activities in the industry hindered credibility. To combat this, the company focused on educating users about distinguishing genuine projects from scams.
Building brand identity involves providing valuable knowledge and insights, and helping community members make informed investment decisions. By prioritizing user education and trust, the company aims to enhance its brand value and foster a secure environment for its users. The company has received an overwhelming market response for its products, gaining recognition from multiple organizations, along with the Dr APJ Abdul Kalam Award. Moreover, users from over 25 countries are currently participating in the company's product beta phase.
Looking ahead, the company has established targets for its products and services, aiming to achieve them by March 2025. While some goals have already been met, the company is also expanding its focus to international projects, including initiatives in Dubai, as part of the strategy for the upcoming financial year. Additionally, Crypque aims to integrate real estate projects with blockchain to facilitate fractional ownership, allowing users to invest in high-value properties through tokenization. Ultimately, the target is to become a leading Web3 and blockchain solution provider in India by 2030.
