Tagged: fitbit

Fintech Firm Coinrule, a Provider of Automated Digital Asset Trading Services, Secures $2.2M via Seed Round

Fintech firm Coinrule, which offers individual and retail crypto investors an automated digital currency trading platform for their assets, reveals that it has completed a $2.2 million seed round. As mentioned in the announcement, several technology company founders and investors took part in the firm’s… Read More

Contactless Payments: Fibank to Allow Clients to Use Mastercard Cards to Settle Digital Transactions

Virtual payments can provide improved security for our funds while enhancing the overall comfort of our daily activities. These days, in addition to convenience, there’s also the health concern (due to COVID-19 and other infectious/communicable diseases and viruses). Consumers across the globe are realizing that… Read More

Kuwait Finance House Introduces Digital Wallet Service, Supported via Smartphones with Assistance from Samsung, FitBit, Garmin

Kuwait Finance House (KFH), the nation’s first banking institution operating in accordance with the Islamic Shari’a, has introduced a digital wallet service that is being supported through smartphones (and even smart watches). KFH, which is listed on the Kuwait Stock Exchange, with a market cap… Read More

San Francisco-based Fitbit Introduces Fitness Wristband with Standard Contactless Payments Feature

San Francisco-based Fitbit, a company that (recently acquired by Google for $2.1 billion) offers compact, wireless, wearable sensors that track users’ daily activities in order to encourage people to adopt a healthy and active lifestyle, has introduced a fitness wristband that comes with a contactless… Read More

UK Fintech Curve Expands Wearable Offering By Forming Partnerships With Garmin, Fitbit, & Sony’s Wena Pay

Curve, a banking platform that consolidates multiple cards and accounts into one smart card and even smarter app, announced on Thursday it has expanded its wearables offering by partnering with Garmin, Fitbit and Sony’s Wena pay. According to Curve, the partnerships enable wearable users to… Read More

Fitbit Teams Up With KBC Bank to Launch Fitbit Pay in Belgium

KBC Banking Group announced on Tuesday it has partnered with Fitbit to launch Fitbit Pay services in Belgium. According to KBC, all KBC, CBC and KBC Brussels customers who have a Fitbit smartwatch or activity tracker may now use it to pay in shops that… Read More

Sweden Banking Group Nordea to Roll Out New Payment Solution For Fitbit & Garmin Smartwatches

Sweden banking group Nordea announced on Tuesday it has launched a contactless payment solution through Fitbit and Garmin wearable devices. According to Nordea, this new service is part of an improved Nordea Wallet offering. It gives customers a quick, convenient, easy-to-use and safe way to pay… Read More

Wells Fargo Teams Up With Fitbit to Launch Payment System “Fitbit Pay” to the Bank’s Customers

Wells Fargo & Company (NYSE: WFC) recently announced it is partnering with Fitbit (NYSE: FIT) to launch Fitbit Pay for its customers. According to the banking giant, the new payment system will give customers the ability to conveniently and securely make purchases at merchants whose payment terminals are set… Read More

Fitbit Launches Payment Process App in UK; Now Available Through Starling Bank

Just a few months after Starling Bank announced it is offering Apple Pay to UK customers, the challenger bank revealed this week is now offering Fitbit Pay to its UK customers as well. Fitbit’s payment process now allows customers to pay through the company’s wearable, Fitbit… Read More

Scammer Allegedly Files Fake SEC Document in Plot to Make Money Off of Fitbit Options

The Securities and Exchange Commission has filed fraud charges agains Robert W. Murray, a mechanical engineer from Virginia. Murray allegedly cooked up a bogus regulator filing in an attempt to manipulate the share price of Fitbit. In a parallel action, the U.S. Attorney’s Office for the… Read More

Fitbit Paid $23 Million for Pebble Watch

During Fitbit’s Q4 earnings call yesterday, management revealed it had paid $23 million to acquire Pebble Watch last year. At one point in time, Pebble was valued at $740 million. In a brief statement, Fitbit (NYSE:FIT), highlighted the purchase: Acquired assets from Pebble for $23 million… Read More

Pebble Officially Addresses Fitbit Acquisition: Set to Refund Pebble Time 2 & Core Kickstarter Backers

After continuing to remain silent about Fitbit’s possible acquisition, famous Kickstarter alum Pebble announced to backers on Wednesday that the acquisition is officially happening. As previously reported, Eric Migicovsky, the founder of Pebble, debuted the wearable tech on Kickstarter’s crowdfunding platform in 2012.  Its first… Read More

The End of Pebble Watch

The Pebble Watch saga has become an epic tale of crowdfunding success and entrepreneurial struggle. Eric Migicovsky, the founder of Pebble, launched his wearable tech on Kickstarter in 2012.  The very first rewards campaign generated over $12 million “brought to life by 68,929 backers” proving… Read More

Coin Sells to Fitbit. Twilights All Smart Payment Products

Coin, the one smart card that set out to rule them all, has called it a day in attempting to dominate credit card transactions.  In a release published yesterday, FitBit (NYSE:FIT) announced they had acquired the “wearable payment assets of Coin”.  The deal includes all intellectual property… Read More

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