All eyes are now on President Donald Trump as he is expected to decide the fate of TikTok in the U.S. in the next 24-36 hours.

In a report credited to CNBC News, ByteDance, owners of TikTok, is planning to go for an IPO for global TikTok on an American Stock Exchange.

READ: Microsoft is in talks to buy TikTok

Under the proposed plan, waiting for President Trump’s approval include, Oracle owning a minority stake that will be lower than 20% of the new global TikTok.Walmart the world’s biggest retailer by revenue will also take a stake, though its amount remains unknown.

While the Chinese authorities have asserted it’s right to obstruct the sale of vital technologies, it is likely to approve the deal as long as it doesn’t involve the transfer of the artificial intelligence algorithms that drive TikTok’s service. Even if ByteDance were to cede its major ownership over TikTok.

READ: Why currency traders are now buying U.S dollars

U.S President recently disclosed he was against any idea that ByteDance( parent company) would retain a majority stake in TikTok.

“From the standpoint of ByteDance we don’t like that,” Trump spoke on the Chinese company retaining a majority stake in the business. “I mean, just conceptually I can tell you I don’t like that.”

An IPO on TikTok would most likely be the biggest technology IPO in recent times. Private valuations of the fast-growing startup have been estimated to be worth about $50 billion.

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Back Story; Recall Nairametrics about a month ago reported on how President Trump issued directives banning any U.S. transactions with Chinese tech firms that include Tencent and ByteDance.

According to Trump, “WeChat “automatically captures vast swaths of information from its users. This data collection threatens to allow the Chinese Communist Party access to Americans’ personal and proprietary information.”

He went on to say that the application also captures personal information of Chinese nationals visiting the U.S.

Flywire has announced plans to partner with Mastercard in providing discounted foreign exchange rates on cross border tuition payments for students.

This is according to a news source verified by Nairametrics. The offer will be accessible to any school in the world offering Flywire as a payment method for international tuition through the 2020 fall term for students from the United Arab Emirates, Saudi Arabia, Qatar, Kuwait, Kenya and Ghana, the release stated. Students will be able to use their own currencies to pay through Mastercard credit or debit cards.

Tertiary education, as pretty much every other area, has been affected by the pandemic, with grounds to shut down early this year. The unique feature of this payment system is convenience and safe payment procedure coupled with a customizable experience it provides for international students.

Speaking on the new deal, Mike Massaro, CEO of Flywire, said the organization would serve to raise up understudies through cost-effective measures.

“Our customer schools and their understudy families around the globe trust Mastercard for advantageous and secure installments,” said Massaro in the delivery. “We’re satisfied to keep on joining forces with Mastercard on unique contributions like this one to guarantee a consistent advanced installment experience while giving significant reserve funds to lessen the expense of worldwide training.”

(READ MORE:UPDATE: President Trump has been sued by MIT, Harvard over foreign students ban)

For International students, rules are significantly murkier as new U.S. visa rules won’t let them go to class in the country except in any event one class happens face to face. That represents an issue for schools as worldwide understudies have commonly paid full educational costs in advance, giving gigantic incomes to schools. In that capacity, schools need to scramble to make bargains and oblige understudies to urge them to return.

American computer technology giant Oracle Corporation has been selected as the winning bidder for TikTok’s US operations, after Microsoft said that its bid was rejected by the parent company, ByteDance Ltd.

This is coming a week before President Donald Trump’s promised date for following through with a plan to ban the Chinese-owned app in the United States.

According to Bloomberg, a Wall Street Journal reported that Oracle would be announced as TikTok’s trusted tech partner in the United States. The Journal also added that the eventual deal would not be structured as an outright sale.

A statement from Redmond reads, “ByteDance let us know today they would not be selling TikTok’s US operations to Microsoft.”

Microsoft had, in a statement, said that they were confident that their proposal would have been good for TikTok’s users, while also protecting national security interests. This is coming after ByteDance had disclosed that they would not be selling TikTok’s US operations to Microsoft. However, ByteDance will need approval for the deal from the United States and China.

(READ MORE: ByteDance, Tiktok’s parent company, now worth over $100 billion)

According to a source, Microsoft, which was working with Walmart Inc, had initially been recognized as the most likely winner earlier in the process, but this later cooled as more firms showed interest. ByteDance did not ask Microsoft for a revision of its initial offer in the face of recent signs of opposition to a deal from Chinese government officials. This must have given the competitor, Oracle Corporation, an upper hand in the negotiations.

Microsoft, in its statement, said that it was prepared to make changes aimed at addressing US national security concerns. It said, “To do this, we would have made significant changes to ensure the service met the highest standards for security, privacy, online safety, and combating disinformation, and we made these principles clear in our August statement. We look forward to seeing how the service evolves in these important areas.”

It can be recalled that the Trump administration had threatened to ban TikTok by mid-September, and ordered ByteDance to sell its US operations following national security concerns due to its Chinese ownership.

TikTok, however, has denied the national security claim and is suing to stop the administration from the threatened ban.