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CB Radios – Cross Border Instant Payments and Central Bank Digital Currency

What do Citizens Band Radios, Cross Border Instant Payments and Central Bank Digital Currencies have in common? The answers may surprise you!


When I was growing up Citizens Band (‘CB’) Radios and ham radios were used for the short- and long-distance exchange of non-commercial messages. While still used today in many countries around the world these services have been replaced by large global telecommunications networks and handheld devices.


Much like CB and ham radios, global payment strategies have evolved with new industry initiatives such as cross border instant payments and Central Bank Digital Currenciesall made possible by new message and format standards and technologies.