I would assume the same thing, the problem is if I leave my wallet upstairs and take my phone downstairs (breaking the BTLE tether) will it also wipe? If so does it automatically re-load when I get back in range? If it doesn't auto-reload then it sounds like a PITA and if it does auto-reload it sounds like a security nightmare (Clone the BTLE MAC and get the victims phones to unknowingly push all their charge cards to your sniffer).