Fitbit acquires NFC payments tech from Coin

Fitbit said acquiring the wearable payment assets of US start up Coin will accelerate its ability to put an NFC capability into future devices. The wearables firm, which did not disclose the value of the deal that closed on 12 May, said it was taking on key personnel as well as intellectual property relevant to Coin’s wearable payments tech. The deal excludes Coin’s smart payments products, including Coin 2.0.