Evaluating Elixir's Suitability for Financial Software Development

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Evaluating Elixir's Suitability for Financial Software Development

Source: reddit.com

Type: Discussion

The original poster, Nervous_Swordfish289, posed an inquiry on the suitability of the Elixir programming language for the development of financial software. Concerns were raised regarding its capability in managing large numerical operations, support for PDF creation, and integration with payment services such as Stripe. A couple of community members responded with insights; one mentioned available resources such as a blog post by Erlang Solutions on using Erlang and Elixir in fintech and highlighted the existence of a Decimal type in Elixir to manage precise numerical computations. Another commenter, presumably with industry experience, suggested caution, implying the complexity of building a financial application and recommending starting with simpler projects to gain experience before tackling financial software development.

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