• Bloomberg, Friday, March 25, 2016 10:16 AM

Peter Li, co-founder of Atlas Wearables Inc., liked the virtual wallet one of the company’s partners built into his fitness bands for a demo earlier this year. “You just walk up, wave your wristband,” said Li, who’s also chief executive officer of Austin-based Atlas. “There’s a huge application for what a wrist tracker can do for buying things within the gym, getting gym access.” Yet Atlas, which makes bands that monitor users’ workouts, is still debating whether to add the payment capability to its next-generation products -- partly due to security concerns. 

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