Fitbit announced on Thursday that it has acquired Coin, a payment startup known for Coin 2.0, a digital device that holds all of your credit cards and works with most card readers. Surprisingly, the multi-card device is not part of the acquisition, instead Fitbit is focused on utilizing Coin’s wearable payment services. See Also: Wearables move beyond the hand, onto the foot The wearable giant, which closed the deal last week on May 12, said it has “no plans to integrate Coin’s wearable payments technology into the 2016 Fitbit product roadmap”, but does see the acquisition as an accelerant for Fitbit to build an NFC payment solution in the near future. Fitbit has skirted round the idea of a fitness tracker doing more than health and fitness for a few years.
Fitbit Pockets Coin To Boost Wearables Functionality
David Curry, ReadWriteWeb
Fri, 05/20/2016 - 10:00am
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