India is a global leader in cryptocurrency adoption, with annual over-the-counter (OTC) volume of $30 billion growing at 16%. However, Indian users face serious payment woes: mainstream exchanges such as Wazrex and CoinDCX have banned cryptocurrency withdrawals for users with rupee deposits, limiting their ability to participate in the on-chain DeFi ecosystem. While platforms such as CoinDCX offer P2P trading options, transactions are slow and fraud-prone, and users are often at risk of having their bank accounts frozen.