NEW YORK (AP) — Elon Musk's social media company X, formerly known as Twitter, launched its own bank account-like product where users can send money to one another.
The service, known as X Money, is not a new bank. X Money is using technology and banking services provided by Cross River Bank, and branding that backbone as X Money. It is common for new financial companies to use a traditional bank's backbone to launch its services, as chartering a new bank is a timely and costly process.
Currently X Money is invite only, and users will receive a “X”-branded Visa debit card that is useable at any ATM. Users of X will be able to send money to other X users in real-time, the company said. Invitations are only available to X's paying members presently.
In order to attract customers, X Money is offering a 6% yield on deposits and 3% cashback on eligible purchases. In order to earn the 6% yield, a customer would need to deposit at least $1,000 into an account. Customers would also have to be signed up for X's premium services, which is at least $8 a month. It would require at least a deposit of $1,600 in order to cover X's premium services cost.
Musk has long talked about turning X into an “everything app” that would include financial services. Musk has his origins in financial services, creating one of the first online banks under the brand X.com. That company was later bought and merged into what is now known as PayPal.
It's still early for X Money, but the company is entering into a competitive market, dominated by PayPal's Venmo money transfer service and other peer-to-peer money transfer services like Zelle and Cash App.
FILE - The opening page of X is displayed on a computer and phone, Oct. 16, 2023, in Sydney. (AP Photo/Rick Rycroft, File)
STARKE, Fla. (AP) — Florida on Tuesday became the first state in nearly a decade to carry out two executions in a single day, putting to death an 80-year-old man who was the second-oldest inmate known to receive a lethal injection in modern U.S. history.
Hours earlier, the state executed a former police officer convicted of the killing of a young girl.
Republican Gov. Ron DeSantis has made Florida's death chamber the nation’s busiest at the end of his final term, saying too many families have waited too long to see justice. The lethal injections just hours apart were the first nearly back-to-back executions since Arkansas put two men to death three hours apart in 2017.
DeSantis, who has the authority under Florida law to set execution dates, decided earlier this month to carry out both executions on the same day.
Nationwide, the use of the death penalty had been declining for two decades, but that number has ticked up behind the increased pace in Florida. Since 2025 began, Florida has carried out nearly half the state executions across the country.
Dominick Anthony Occhicone, the octogenarian, was pronounced dead at 6:13 p.m. at Florida State Prison near Starke following a three-drug injection. His execution came nearly five hours after the ex-police officer, James Aren Duckett, 68, received a lethal dose in the same death chamber.
The curtain to the chamber went up for the last time Tuesday at Occhicone's 6 p.m. scheduled execution hour. The inmate was strapped to a gurney with an IV in his arm and a spiritual adviser near his feet.
Asked if he wished to make a statement, Occhicone said he thanked all of his Christian brothers for visiting him over the years. He also apologized to the family of the victims and to his own family for what he had put them through.
“I know it don’t mean much, but I’m sorry,” Occhicone said. “I never meant to do what I did."
The injection began at 6:02 p.m. followed by several minutes of deep breathing. When Occhicone's breathing slowed, a warden shook him and yelled his name but there was no response.
Occhicone, who was convicted of killing his ex-girlfriend’s parents in 1986, is the oldest prisoner executed in Florida’s history since modern record-keeping began a century ago. Nationwide, an older inmate, 83-year-old Walter Moody Jr., received a lethal injection in Alabama in 2018 for a wave of mail bombs in 1989 that killed a federal judge and wounded a Black civil rights attorney.
Earlier Tuesday afternoon, Duckett became the 11th inmate executed by the state this year. He was convicted of raping and drowning 11-year-old Teresa McAbee while he was working as a police officer in central Florida in 1987.
Duckett declined to make a final statement, responding “no sir” when asked and showing no response several minutes into the execution when the prison warden shook him and shouted his name. He was pronounced dead at 1:19 p.m.
Afterward, the girl's family members said they had suffered for decades.
“I waited nearly 40 years to have him dead,” Dorthy Tula, the victim's mother, said before breaking down.
“This man took advantage of his badge,” said Tracy Mcfall-Buskirk, the girl's cousin.
Nationwide, a total of 19 executions have been carried out so far this year, including Tuesday's. Florida has now conducted 12 executions to date in 2026 — more than all other states combined.
DeSantis, who leaves office in January, oversaw a record 19 executions last year, more in a single year than any other Florida governor since the reinstatement of the death penalty in the U.S. in 1976.
Another execution in Florida is set for August.
Floridians for Alternatives to the Death Penalty had recently urged DeSantis to halt both executions, calling two in one day an “unprecedented escalation” of Florida’s use of the death penalty.
“Florida continues to expand the use of capital punishment, despite mounting evidence that it is not what Floridians want," said the group's executive director, Grace Hanna.
DeSantis hasn’t said why he scheduled two executions hours apart. And he has rarely commented on the pace of executions, previously noting some on death row had committed crimes as far back as the 1980s.
“Justice delayed is justice denied. I felt I owed it to them to make sure this ran very smoothly," the governor said last year.
Florida Department of Corrections records show multiple executions on a single day were more common in the past, the last being in 1964.
The U.S. Supreme Court denied last appeals from both men Tuesday and the Florida Supreme Court last week.
All Florida executions are by injection of a sedative, a paralytic and a drug that stops the heart, according to the Department of Corrections.
Associated Press reporter John Seewer in Toledo, Ohio, contributed.
Law enforcement vehicles sit parked outside the Florida state prison in Starke, Fla., on Tuesday, July 28, 2026. (AP Photo/David Fischer)
This combo from photos provided by Florida Department of Corrections shows from left, James Aren Duckett and Dominick Anthony Occhicone. (Florida Department of Corrections via AP)
FILE - Clouds hover over the entrance of the Florida State Prison in Starke, Fla., Aug. 3, 2023. (AP Photo/Curt Anderson, file)
