Fitbit acquires Coin's payment platform; no more Coin smart cards coming
Fitbit has announced it has acquired both the payment platform and key personnel from the "smart card" company Coin. The specific financial terms of the deal, which was completed on May 12, were not disclosed.
In a separate blog post Coin stated that it will no longer sell any of its smart payment products. People who already own them can continue to use them "for the duration of its lifetime". It added:
Coin first announced its "smart card" designed to replace all of a person's credit and debit cards, several years ago, After several delays, it began shipping a limited number of those cards in April 2015.
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