Fitbit Will Eventually Add Mobile Payments

Fitbit Will Eventually Add Mobile Payments

Starting as early as next year, you might be able to pay at the store using your Fitbit.

Fitbit has announced the purchase of most of the assets of Coin, a payments company that launched a few years ago with the promise of a single card that could replace all of your credit cards.

The purchase will allow Fitbit to integrate Coin’s technologies into its own products. However, Fitbit announced that it has no plans to use such technology in its 2016 products.

The company plans to incorporate Coin’s NFC technology into future versions of the products.

“We are focused on making wearable devices that motivate people to reach their health and fitness goals, and that also make their lives easier with the smart features they need most,”   James Park, CEO and co-founder of Fitbit, said after the deal.

 “Coin has been one of the key innovators in advanced payment solutions. The inclusion of their payment technology into our offerings will further our strategy of making Fitbit products an indispensable part of people’s lives.”

Coin will cease selling its cards.

What do you think? Will you use Fitbit to make purchases?

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Stephen Silver is a longtime journalist and film critic based in the Philadelphia area. His work has appeared in Philadelphia Magazine, Fox 29 in Philadelphia, New York Press, SB Nation, The Daily Banter, CSNPhilly.com, the Good Men Project, Splice Today, Screenrant.com and the Philadelphia area’s Patch websites.