Bitcoin, the internet’s virtual currency, is slowly becoming an acceptable alternative method of payment for items, including real estate. Whether it will supplant the more traditional process of purchasing a home remains to be seen. Thomas Bayles, chief executive officer of Urban Asset Group, a house-flip firm in Los Angeles, last year facilitated a record-setting purchase of a mid-century house in Eagle Rock, CA, using bitcoins. The remodeled, five-bedroom residential property in ...