You are not wrong ....
And this pic is a great example of "we've all had burns in this game..."
IYKYK
This was the handset that they made.
It had an HSM vault backend and when the card was used it would debit your "Account".
It was pretty neat but they folded it sadly. iirc it was somthing like 25BTC for 5 handsets in 2014
I think I still have one of the Handsets for posterity LOL
Viz