Earlier quoted context omitted.
It would be extremely trivial to transport a time-keyed, completely random one-time-pad out of band (e.g. over a commodity internet link/vpn) so long as there is sufficient difference in bandwidth, and then simply XOR the data with it.. good luck cracking that. and that's just what a few seconds of thinking came up with.
How do you use a one-time pad on a single bit of data? (Actually I see how that's possible, A XOR B, upticks are 1, etc.) If the pad is coming via a side-channel then the speed increase is limited by that side-channel, you lose all your gains by waiting for the pad, then lose more by decrypting and verifying. That aside my first thought was someone could jam the signal by blasting the receiver with noise; I wonder ho…
The actual encryption of each bit just require an XOR on each end of the link. That's about half a nanosecond on a Xeon or one clock cycle on your FPGA.
A jammer wants to be close to the receiving antenna so he can use less power. Yet he wants to be far away so he's less likely to be caught. Willfully interfering with any any radio service is illegal in any regulatory domain AFAIK.