The current environment is negative for tech stocks. The rising interest rates make capital more expensive, while inflation reduces the consumer's ability to buy companies' products. Such factors have sent tech stocks plummeting, and fintech pioneer PayPal (NASDAQ: PYPL) didn't escape the trend.

Nonetheless, PayPal's business model could actually benefit from current conditions. Here are three reasons why.

PayPal likes to talk about its extensive ecosystem encompassing dozens of products serving both consumers and merchants. However, for all of the focus on new offerings, transactions have made up 92% of PayPal's revenue so far this year.

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Source Fool.com