New Fitbit bands may soon double up as mobile wallets

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). Fitbit, though, is not the first wearable device maker to foray into this technology, which allows users to make payments through their smartphones, smartwatches or fitness bands.