New Fitbit bands may soon double up as mobile wallets


  • TECH
  • Thursday, 19 May 2016

NEW YORK, NY - JUNE 18: The line of Fitbit products are displayed during a lunchtime workout event outside the New York Stock Exchange during the IPO debut of the company on June 18, 2015 in New York City. According to reports, shares of Fitbit, which makes wearable fitness tracking devices, rose significantly on Thursday after debuting as a public company on the New York Stock Exchange. Eric Thayer/Getty Images/AFP == FOR NEWSPAPERS, INTERNET, TELCOS & TELEVISION USE ONLY ==

Fitbit users could soon make payments with a flick of the wrist, as the maker of the simple yet hugely popular fitness bands races to pack in more features in its products. 

Fitbit Inc said on Wednesday it bought wearable payment technology assets from Silicon Valley startup Coin, which makes devices that use near-field communication (NFC). 

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