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You can pay for real estate with any lawful thing of value. The problem is proving completion of payment. I could sell you my house for 12 cows if I wanted to.
Real Estate is titled via a Deed. You cannot take back a recorded Deed (recourse) you have to sue and petition a claim to the court to remedy any conflict. Proving payment is not possible in the blockchain -- blockchain is anonymous -- I think it is ;). Proving the transaction's completion might be possible if an 'officer of the court' e.g.; an attorney escrowed the transaction. I don't know if any RE escrow company (usually a state licensed real estate broker) would handle a transfer of property paid for with bitcoin -- maybe?
I have done my own escrows on real estate before as a principal but we alway met at the county title transfer office -- the deed was recorded when the payment was made in cash or a cashier's check < proof of payment and a witnessed conveyance of deed.
Bitcoin is value received.
But if you transfer your bitcoin you cannot prove it easily in a court of law if a transfer of title goes wrong.
This would be a great scam haha ...
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