Microsoft did a little bit of it during the 360 era. You could download stuff off a store kiosk to a USB thumb drive, take it home, and use it on your home Xbox. Originally the idea was to allow offline gamers to get updates and purchase dlc.
They did it multiple times. With SFC and Game Boy they had "Nintendo Power" cartridges that were essentially flash carts that could be loaded with games at kiosks.
It's so weird that Nintendo can be forward thinking enough to do something like the Disk System and its successors but fail so hard when it comes to the internet and online distribution.