Earlier quoted context omitted.
For interested readers: 1Password does a few more things. For example, you can add 2FA to 1Password logins, so that 1Password replaces Google Authenticator with the immense advantage that you don’t have to setup 2FA again if you get a new device. Just a happy 1Password user, nut related to them in any way.
Is it really 2FA if your password and your token are on the same device?
In this case TOTP acts more like an insecure one-time session key.