Fitbit buys mobile payment technology from Silicon Valley startup

Fitbit Inc said it bought wearable payment technology assets from Silicon Valley-based startup Coin, as it looks to allow users to make payments through its popular line of wearable fitness devices.
Coin makes devices that use near-field communication (NFC) chips. NFC allows users to pay for purchases through their wearable devices or smartphones.
The technology allows two devices placed in close proximity to exchange data with each other. A device with an NFC chip, such as a smartphone, communi